Bill Title: Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the maximum reduction under the senior citizens homestead exemption is $8,000 in all counties (currently, $8,000 in counties with 3,000,000 or more inhabitants and counties that are contiguous to a county of 3,000,000 or more inhabitants and $5,000 in all other counties). Provides that the maximum income limitation for the senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Effective immediately.
Spectrum: Partisan Bill (Republican 13-0)
Status: (Introduced) 2024-05-16 - Added Co-Sponsor Rep. Wayne A Rosenthal
[HB1274 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
Introduced | 2023-01-19 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
No bill amendments currently on file for Illinois HB1274 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
No supplemental documents for Illinois HB1274 currently on file. |
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