Illinois General Assembly - Bill Status for HB1274
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 Bill Status of HB1274  103rd General Assembly


Short Description:  PROP TX-SENIOR HOMESTEAD

House Sponsors
Rep. Amy Elik, Tony M. McCombie, Travis Weaver, Dan Swanson, Norine K. Hammond, Tom Weber, Dave Severin, Jackie Haas, Kevin Schmidt and Michael J. Coffey, Jr.

Last Action
DateChamber Action
  1/31/2024HouseAssigned to Revenue & Finance Committee

Statutes Amended In Order of Appearance
35 ILCS 200/15-170
35 ILCS 200/15-172


Synopsis As Introduced
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.

Actions 
DateChamber Action
  1/19/2023HouseFiled with the Clerk by Rep. Amy Elik
  1/23/2023HouseAdded Co-Sponsor Rep. Tony M. McCombie
  1/31/2023HouseFirst Reading
  1/31/2023HouseReferred to Rules Committee
  2/28/2023HouseAdded Co-Sponsor Rep. Travis Weaver
  6/22/2023HouseAdded Co-Sponsor Rep. Dan Swanson
  8/8/2023HouseAdded Co-Sponsor Rep. Norine K. Hammond
  11/8/2023HouseAdded Co-Sponsor Rep. Tom Weber
  11/8/2023HouseAdded Co-Sponsor Rep. Dave Severin
  12/19/2023HouseAdded Co-Sponsor Rep. Jackie Haas
  12/19/2023HouseAdded Co-Sponsor Rep. Kevin Schmidt
  1/31/2024HouseAssigned to Revenue & Finance Committee
  2/8/2024HouseAdded Co-Sponsor Rep. Michael J. Coffey, Jr.

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