Illinois General Assembly - Bill Status for SB2199

Synopsis As Introduced
Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the maximum reduction under the senior citizens homestead exemption is $8,000 in all counties (currently, $8,000 in counties with 3,000,000 or more inhabitants and counties that are contiguous to a county of 3,000,000 or more inhabitants and $5,000 in all other counties). Provides that the maximum income limitation for the senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Effective immediately.

Actions

Date	Chamber	Action
2/10/2023	Senate	Filed with Secretary by Sen. Erica Harriss
2/10/2023	Senate	First Reading
2/10/2023	Senate	Referred to Assignments
2/28/2023	Senate	Assigned to Revenue
3/10/2023	Senate	Rule 3-9(a) / Re-referred to Assignments
10/10/2023	Senate	Added as Chief Co-Sponsor Sen. Dave Syverson

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