Illinois General Assembly - Bill Status for SB1725
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 Bill Status of SB1725  103rd General Assembly


Senate Sponsors
Sen. Patrick J. Joyce and Michael E. Hastings

Last Action
DateChamber Action
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 200/15-179 new
30 ILCS 805/8.47 new

Synopsis As Introduced
Amends the Property Tax Code. Creates a middle-class tax credit limited to a reduction in the equalized assessed value of homestead property owned by a middle-class taxpayer of 5% of the equalized assessed value of the property for the current assessment year. Provides that the maximum exemption is limited to $5,000. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

DateChamber Action
  2/9/2023SenateFiled with Secretary by Sen. Patrick J. Joyce
  2/9/2023SenateFirst Reading
  2/9/2023SenateReferred to Assignments
  2/15/2023SenateAdded as Co-Sponsor Sen. Michael E. Hastings
  2/21/2023SenateAssigned to Revenue
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments

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