Illinois General Assembly - Bill Status for SB2030
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 Bill Status of SB2030  103rd General Assembly


Short Description:  PROP TX-SENIOR FREEZE

Senate Sponsors
Sen. Laura M. Murphy - Mary Edly-Allen

Last Action
DateChamber Action
  1/10/2024SenateRe-assigned to Revenue

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 year 2023, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is (i) $75,000 for qualified property in a county with 3,000,000 or more inhabitants and (ii) $65,000 for qualified property located in a county with fewer than 3,000,000 inhabitants. 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 2023 and thereafter. Effective immediately.

Actions 
DateChamber Action
  2/9/2023SenateFiled with Secretary by Sen. Laura M. Murphy
  2/9/2023SenateFirst Reading
  2/9/2023SenateReferred to Assignments
  2/21/2023SenateAssigned to Revenue
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments
  1/10/2024SenateRe-assigned to Revenue
  1/11/2024SenateAdded as Chief Co-Sponsor Sen. Mary Edly-Allen

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