IllinoisHB3724104th General Assembly (2025–2026)House

PROP TX-GENERAL HOMESTEAD

Sponsored By: Joe C. Sosnowski (Republican)

In Committee

Summary

Amends the Property Tax Code. Provides that, beginning with the 2026 tax year (to be collected in 2027), the total tax bill for property receiving the General Homestead Exemption may not exceed 103% of the total property tax bill for the property for the immediately preceding taxable year. Contains provisions concerning the reallocation of property tax liability.

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

  • Kevin Schmidt

    Republican • House

  • Michael J. Coffey, Jr.

    Republican • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added Co-Sponsor Rep. Brad Stephens

    8/14/2025House
  2. Added Co-Sponsor Rep. Michael J. Coffey, Jr.

    6/10/2025House
  3. Rule 19(a) / Re-referred to Rules Committee

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

    3/18/2025House
  5. To Tax Policy: Other Taxes Subcommittee

    3/13/2025House
  6. Assigned to Revenue & Finance Committee

    3/11/2025House
  7. Referred to Rules Committee

    2/18/2025House
  8. First Reading

    2/18/2025House
  9. Filed with the Clerk by Rep. Joe C. Sosnowski

    2/7/2025House

Bill Text

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