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SB1977 - 104th General Assembly
PROP TX-HOMESTEAD
Last Action
Statutes Amended In Order of Appearance
35 ILCS 200/15-163 new
320 ILCS 30/2from Ch. 67 1/2, par. 452
320 ILCS 30/3from Ch. 67 1/2, par. 453
Synopsis As Introduced
Amends the Property Tax Code. Provides that, on and after July 1, 2026, any bill to amend an existing homestead exemption or to create a new homestead exemption shall include the submission of an impact statement prepared by the sponsor of the bill. Provides that the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption shall be $85,000 for taxable year 2025 and shall be subject to a cost-of-living adjustment in subsequent years. Provides that, for any tax certificates held by a county, the county clerk may create and administer a payment plan during the redemption period. Amends the Senior Citizens Real Estate Tax Deferral Act. Makes changes concerning the maximum household income. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/06/2025 | Senate | Filed with Secretary by Sen. Robert Peters |
| 2/06/2025 | Senate | First Reading |
| 2/06/2025 | Senate | Referred to Assignments |
| 3/12/2025 | Senate | Assigned to Revenue |
| 3/21/2025 | Senate | Rule 2-10 Committee Deadline Established As April 11, 2025 |
| 3/21/2025 | Senate | Added as Co-Sponsor Sen. Sara Feigenholtz |
| 4/11/2025 | Senate | Rule 2-10 Committee Deadline Established As May 9, 2025 |
| 5/01/2025 | Senate | Added as Chief Co-Sponsor Sen. Graciela Guzmán |
| 5/09/2025 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 |
| 5/23/2025 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 |
| 5/29/2025 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Celina Villanueva |
| 5/29/2025 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 5/30/2025 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Revenue |
| 6/02/2025 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 6/02/2025 | Senate | Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments |