IllinoisHB1326104th General Assembly (2025–2026)House

PROP TX-5-YEAR HOMESTEAD

Sponsored By: Thaddeus Jones (Democratic)

In Committee

Summary

Amends the Property Tax Code. Creates a homestead exemption for certain property located in Cook County that has been used as a qualified taxpayer's principal dwelling place for at least 5 continuous years as of January 1 of the taxable year. Provides that the aggregate amount of property taxes levied against that property in any taxable year may not exceed $5,000. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Thaddeus Jones

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

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

    2/11/2025House
  4. Referred to Rules Committee

    1/28/2025House
  5. First Reading

    1/28/2025House
  6. Filed with the Clerk by Rep. Thaddeus Jones

    1/14/2025House

Bill Text

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