Bill Status of HB 5867   103rd General Assembly

Short Description:  PROP TX-5-YEAR HOMESTEAD

House Sponsors
Rep. Thaddeus Jones

Last Action  View All Actions

DateChamber Action
  1/7/2025HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-177.1 new

Synopsis As Introduced
Amends the Property Tax Code. Creates a homestead exemption for certain property located in Cook County that has been used as a qualified taxpayer's principal dwelling place for at least 5 continuous years as of January 1 of the taxable year. Provides that the aggregate amount of property taxes levied against that property in any taxable year may not exceed $5,000. Effective immediately.

Actions 
DateChamber Action
  7/24/2024HouseFiled with the Clerk by Rep. Thaddeus Jones
  11/12/2024HouseFirst Reading
  11/12/2024HouseReferred to Rules Committee
  1/7/2025HouseSession Sine Die

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