Illinois General Assembly - Bill Status for HB0047
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 Bill Status of HB0047  104th General Assembly


Short Description:  PROP TAX-SR FREEZE-MEDICARE

House Sponsors
Rep. Kevin Schmidt and Tony M. McCombie

Hearings
Revenue & Finance Committee Hearing Feb 20 2025 8:00AM Capitol Building 114 and Virtual Room 1 Springfield, IL


Last Action
DateChamber Action
  2/4/2025HouseAssigned to Revenue & Finance Committee

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


Synopsis As Introduced
Amends the Property Tax Code. In a provision concerning the Low-Income Senior Citizens Assessment Freeze Homestead Exemption, provides that, beginning in taxable year 2026, the taxpayer's annual household income for purposes of determining eligibility for the exemption shall be reduced by any amounts paid by the taxpayer as Medicare premiums during the calendar year. Effective immediately.

Actions 
DateChamber Action
  12/11/2024HousePrefiled with Clerk by Rep. Kevin Schmidt
  1/9/2025HouseFirst Reading
  1/9/2025HouseReferred to Rules Committee
  1/15/2025HouseAdded Co-Sponsor Rep. Tony M. McCombie
  2/4/2025HouseAssigned to Revenue & Finance Committee

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