IllinoisHB0047104th General Assembly (2025–2026)House

PROP TAX-SR FREEZE-MEDICARE

Sponsored By: Kevin Schmidt (Republican)

In Committee

Summary

Amends the Property Tax Code. In a provision concerning the Low-Income Senior Citizens Assessment Freeze Homestead Exemption, provides that, beginning in taxable year 2026, the taxpayer's annual household income for purposes of determining eligibility for the exemption shall be reduced by any amounts paid by the taxpayer as Medicare premiums during the calendar year. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Kevin Schmidt

    Republican • House

Cosponsors

  • Tony M. McCombie

    Republican • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  2. To Property Tax Subcommittee

    2/25/2025House
  3. Assigned to Revenue & Finance Committee

    2/4/2025House
  4. Added Co-Sponsor Rep. Tony M. McCombie

    1/15/2025House
  5. Referred to Rules Committee

    1/9/2025House
  6. First Reading

    1/9/2025House
  7. Prefiled with Clerk by Rep. Kevin Schmidt

    12/11/2024House

Bill Text

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