IllinoisHB1746104th General Assembly (2025–2026)House

PROP TX-HOMESTEAD EXEMPT

Sponsored By: Joe C. Sosnowski (Republican)

In Committee

Summary

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.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Joe C. Sosnowski

    Republican • House

Cosponsors

  • Brad Stephens

    Republican • House

  • Charles Meier

    Republican • House

  • Jason R. Bunting

    Republican • House

  • Kevin Schmidt

    Republican • House

  • Michael J. Coffey, Jr.

    Republican • House

  • Patrick Sheehan

    Republican • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added Co-Sponsor Rep. Michael J. Coffey, Jr.

    11/4/2025House
  2. Added Co-Sponsor Rep. Brad Stephens

    8/14/2025House
  3. Added Co-Sponsor Rep. Patrick Sheehan

    8/12/2025House
  4. Added Co-Sponsor Rep. Jason R. Bunting

    4/30/2025House
  5. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  6. Added Co-Sponsor Rep. Kevin Schmidt

    3/12/2025House
  7. Added Co-Sponsor Rep. Charles Meier

    3/11/2025House
  8. To Property Tax Subcommittee

    3/3/2025House
  9. Assigned to Revenue & Finance Committee

    2/18/2025House
  10. Referred to Rules Committee

    1/28/2025House
  11. First Reading

    1/28/2025House
  12. Filed with the Clerk by Rep. Joe C. Sosnowski

    1/24/2025House

Bill Text

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