Illinois General Assembly - Bill Status for HB1877

Revenue & Finance Committee Hearing Mar 20 2025 8:00AM Capitol Building 114 and Virtual Room 1 Springfield, IL
Revenue & Finance Committee Hearing Mar 20 2025 2:00PM Stratton Building Room D-1 Springfield, IL
Property Tax Subcommittee Hearing Mar 20 2025 8:03AM Capitol Building 114 and Virtual Room 1 Springfield, IL
Property Tax Subcommittee Hearing Mar 20 2025 2:03PM Stratton Building Room D-1 Springfield, IL

Last Action

Date	Chamber	Action
3/3/2025	House	To Property Tax Subcommittee

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 low-income senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Provides that, beginning in taxable year 2027, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption shall be increased each year by the percentage increase, if any, in the Consumer Price Index. Effective immediately.

Actions

Date	Chamber	Action
1/29/2025	House	Filed with the Clerk by Rep. Janet Yang Rohr
1/29/2025	House	First Reading
1/29/2025	House	Referred to Rules Committee
2/25/2025	House	Assigned to Revenue & Finance Committee
3/3/2025	House	To Property Tax Subcommittee

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