IllinoisSB1821104th General Assembly (2025–2026)Senate

PROP TX-SENIORS

Sponsored By: Laura M. Murphy (Democratic)

In Committee

Summary

Amends the Property Tax Code. In provisions concerning the low-income senior citizens assessment freeze homestead exemption, provides that the applicant's income does not include up to $10,000 per household in required minimum distributions under the Internal Revenue Code from a retirement plan, retirement account, or retirement annuity. Provides that, for taxable year 2025 and thereafter, the maximum income limitation is $75,000 for all qualified property. Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that an eligible taxpayer has a household income of not more than $75,000 for tax year 2025 and thereafter (currently, $65,000 for tax years 2022 through 2025 and $55,000 for tax year 2026 and thereafter). Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Laura M. Murphy

    Democratic • Senate

Cosponsors

  • Rachel Ventura

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 3-9(a) / Re-referred to Assignments

    5/22/2026Senate
  2. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

    5/15/2026Senate
  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

    4/24/2026Senate
  4. Rule 2-10 Committee Deadline Established As April 24, 2026

    3/13/2026Senate
  5. Re-assigned to Revenue

    1/27/2026Senate
  6. Rule 3-9(a) / Re-referred to Assignments

    6/2/2025Senate
  7. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

    5/23/2025Senate
  8. Added as Chief Co-Sponsor Sen. Rachel Ventura

    5/12/2025Senate
  9. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

    5/9/2025Senate
  10. Rule 2-10 Committee Deadline Established As May 9, 2025

    4/11/2025Senate
  11. Rule 2-10 Committee Deadline Established As April 11, 2025

    3/21/2025Senate
  12. Assigned to Revenue

    2/18/2025Senate
  13. Referred to Assignments

    2/6/2025Senate
  14. First Reading

    2/6/2025Senate
  15. Filed with Secretary by Sen. Laura M. Murphy

    2/6/2025Senate

Bill Text

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