Illinois General Assembly - Bill Status for SB3573
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 Bill Status of SB3573  103rd General Assembly

Short Description:  PROP TX-SENIOR FREEZE

Senate Sponsors
Sen. Erica Harriss - Seth Lewis - Dan McConchie, Andrew S. Chesney and Dave Syverson

Last Action
DateChamber Action
  2/20/2024SenateAssigned to Revenue

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


Synopsis As Introduced
Amends the Property Tax Code. Provides that, for taxable year 2024, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $75,000. Provides that, for taxable year 2025 and subsequent taxable years, the maximum income limitation shall be adjusted by the percentage increase, if any, in the Consumer Price Index. Effective immediately.

Actions 
DateChamber Action
  2/9/2024SenateFiled with Secretary by Sen. Erica Harriss
  2/9/2024SenateFirst Reading
  2/9/2024SenateReferred to Assignments
  2/16/2024SenateAdded as Chief Co-Sponsor Sen. Seth Lewis
  2/20/2024SenateAssigned to Revenue
  2/20/2024SenateAdded as Chief Co-Sponsor Sen. Dan McConchie
  3/15/2024SenateRule 2-10 Committee Deadline Established As April 5, 2024
  3/18/2024SenateAdded as Co-Sponsor Sen. Andrew S. Chesney
  3/20/2024SenateAdded as Co-Sponsor Sen. Dave Syverson
  4/5/2024SenateRule 2-10 Committee Deadline Established As May 3, 2024

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