Illinois General Assembly - Bill Status for HB1746

Synopsis As Introduced
Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the term "maximum income limitation" for the low-income senior citizens assessment freeze homestead exemption means the greater of (i) $80,000 or (ii) $80,000 adjusted by certain increases in the consumer price index-u. Provides that the Department of Revenue shall, not later than January 31 of each calendar year, calculate, publish, and transmit to all county clerks and county treasurers the indexed maximum income limitation number. In provisions concerning the general homestead exemption, provides that, for taxable years 2026 and thereafter, the maximum reduction is $10,000 in all counties.

Actions

Date	Chamber	Action
1/24/2025	House	Filed with the Clerk by Rep. Joe C. Sosnowski
1/28/2025	House	First Reading
1/28/2025	House	Referred to Rules Committee
2/18/2025	House	Assigned to Revenue & Finance Committee
3/3/2025	House	To Property Tax Subcommittee
3/11/2025	House	Added Co-Sponsor Rep. Charles Meier
3/12/2025	House	Added Co-Sponsor Rep. Kevin Schmidt
3/21/2025	House	Rule 19(a) / Re-referred to Rules Committee
4/30/2025	House	Added Co-Sponsor Rep. Jason R. Bunting

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