Illinois General Assembly - Bill Status for HB1428
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 Bill Status of HB1428  103rd General Assembly


House Sponsors
Rep. Joe C. Sosnowski

Last Action
DateChamber Action
  1/31/2023HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/15-172
35 ILCS 200/15-175

Synopsis As Introduced
Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the term "maximum income limitation" for the low-income senior citizens assessment freeze homestead exemption means the greater of (i) $80,000 or (ii) $80,000 adjusted by certain increases in the consumer price index-u. Provides that the Department of Revenue shall, not later than January 31 of each calendar year, calculate, publish, and transmit to all county clerks and county treasurers the indexed maximum income limitation number. In provisions concerning the general homestead exemption, provides that, for taxable years 2024 and thereafter, the maximum reduction is $10,000 in all counties.

DateChamber Action
  1/25/2023HouseFiled with the Clerk by Rep. Joe C. Sosnowski
  1/31/2023HouseFirst Reading
  1/31/2023HouseReferred to Rules Committee

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