Illinois General Assembly - Bill Status for SB2673
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 Bill Status of SB2673  103rd General Assembly


Short Description:  PROP TX-SENIOR FREEZE

Senate Sponsors
Sen. Laura M. Murphy and Rachel Ventura

Last Action
DateChamber Action
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 200/15-172
320 ILCS 30/2from Ch. 67 1/2, par. 452


Synopsis As Introduced
Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $75,000 for all qualified property. Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that the maximum household income under the Act is $75,000 for tax years 2024 and thereafter. Effective immediately.

Actions 
DateChamber Action
  1/10/2024SenateFiled with Secretary by Sen. Laura M. Murphy
  1/10/2024SenateFirst Reading
  1/10/2024SenateReferred to Assignments
  1/19/2024SenateAdded as Co-Sponsor Sen. Rachel Ventura
  1/31/2024SenateAssigned to Revenue
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

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