IllinoisSB1977104th General Assembly (2025–2026)Senate

PROP TX-HOMESTEAD

Sponsored By: Robert Peters (Democratic)

In Committee

Summary

Amends the Property Tax Code. Provides that, on and after July 1, 2026, any bill to amend an existing homestead exemption or to create a new homestead exemption shall include the submission of an impact statement prepared by the sponsor of the bill. Provides that the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption shall be $85,000 for taxable year 2025 and shall be subject to a cost-of-living adjustment in subsequent years. Provides that, for any tax certificates held by a county, the county clerk may create and administer a payment plan during the redemption period. Amends the Senior Citizens Real Estate Tax Deferral Act. Makes changes concerning the maximum household income. Effective immediately.

assignmentsrevenue

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Robert Peters

    Democratic • Senate

Cosponsors

  • Graciela Guzmán

    Democratic • Senate

  • Sara Feigenholtz

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

    6/2/2025Senate
  2. Rule 3-9(a) / Re-referred to Assignments

    6/2/2025Senate
  3. Senate Committee Amendment No. 1 Assignments Refers to Revenue

    5/30/2025Senate
  4. Senate Committee Amendment No. 1 Referred to Assignments

    5/29/2025Senate
  5. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Celina Villanueva

    5/29/2025Senate
  6. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

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

    5/9/2025Senate
  8. Added as Chief Co-Sponsor Sen. Graciela Guzmán

    5/1/2025Senate
  9. Rule 2-10 Committee Deadline Established As May 9, 2025

    4/11/2025Senate
  10. Added as Co-Sponsor Sen. Sara Feigenholtz

    3/21/2025Senate
  11. Rule 2-10 Committee Deadline Established As April 11, 2025

    3/21/2025Senate
  12. Assigned to Revenue

    3/12/2025Senate
  13. Referred to Assignments

    2/6/2025Senate
  14. First Reading

    2/6/2025Senate
  15. Filed with Secretary by Sen. Robert Peters

    2/6/2025Senate

Bill Text

  • Introduced

  • Senate Amendment 1

Related Bills

Back to State Legislation