Illinois General Assembly - Bill Status for HB1563
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 Bill Status of HB1563  104th General Assembly

Short Description:  PROP TX-SENIOR FREEZE-CPI

House Sponsors
Rep. Charles Meier, Tony M. McCombie, Regan Deering and Kevin Schmidt

Last Action
DateChamber Action
  3/21/2025HouseRule 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 
DateChamber Action
  1/21/2025HouseFiled with the Clerk by Rep. Charles Meier
  1/23/2025HouseAdded Co-Sponsor Rep. Tony M. McCombie
  1/28/2025HouseFirst Reading
  1/28/2025HouseReferred to Rules Committee
  2/7/2025HouseAdded Co-Sponsor Rep. Regan Deering
  2/18/2025HouseAssigned to Revenue & Finance Committee
  3/3/2025HouseTo Property Tax Subcommittee
  3/12/2025HouseAdded Co-Sponsor Rep. Kevin Schmidt
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

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