Bill Status of HB1563

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HB1563 - 104th General Assembly

PROP TX-SENIOR FREEZE-CPI
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
Statutes Amended In Order of Appearance
35 ILCS 200/15-172
Synopsis As Introduced
Amends the Property Tax Code. Provides that, for taxable year 2026, the maximum income limitation for the senior freeze shall be $75,000 for all qualified property (currently, $65,000). Provides that the maximum income limitation shall be adjusted each year according to the change in the Consumer Price Index for All Urban Consumers. Effective immediately.
Actions
Date Chamber Action
1/21/2025 House Filed with the Clerk by Rep. Charles Meier
1/23/2025 House Added Co-Sponsor Rep. Tony M. McCombie
1/28/2025 House First Reading
1/28/2025 House Referred to Rules Committee
2/07/2025 House Added Co-Sponsor Rep. Regan Deering
2/18/2025 House Assigned to Revenue & Finance Committee
3/03/2025 House To Property Tax Subcommittee
3/12/2025 House Added Co-Sponsor Rep. Kevin Schmidt
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee