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Amends the Property Tax Code. Provides that, beginning in taxable year 2029, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption shall be increased each year by the percentage increase, if any, in the Consumer Price Index. Effective immediately.
Introduced
Feb 6, 2026
Last Action
Mar 13, 2026
Session
IL 104th
Sponsors
1 primary · 3 co
Rule 2-10 Committee Deadline Established As April 24, 2026
Assigned to Revenue
Added as Co-Sponsor Sen. Donald P. DeWitte
Added as Co-Sponsor Sen. Chris Balkema
Added as Co-Sponsor Sen. Craig Wilcox
Filed with Secretary by Sen. Sue Rezin
First Reading
Referred to Assignments
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 2-10 Committee Deadline Established As April 24, 2026