IllinoisSB2095104th General Assembly (2025–2026)Senate

PROP TX-GENERAL HOMESTEAD

Sponsored By: Erica Harriss (Republican)

In Committee

Summary

Amends the Property Tax Code. Provides that, for taxable year 2025, the maximum reduction for the general homestead exemption shall be $10,000 in all counties. Provides that, for taxable years 2026 and thereafter, the maximum reduction for the general homestead exemption in all counties shall be the maximum reduction for the immediately preceding taxable year, increased by the lesser of (i) 5% or (ii) the percentage increase in the Consumer Price Index during the 12-month period ending on September 30 of the immediately preceding taxable year. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Erica Harriss

    Republican • Senate

Cosponsors

  • Sally J. Turner

    Republican • 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

    2/3/2026Senate
  6. Added as Co-Sponsor Sen. Sally J. Turner

    8/5/2025Senate
  7. Rule 3-9(a) / Re-referred to Assignments

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

    5/23/2025Senate
  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

    2/25/2025Senate
  13. Referred to Assignments

    2/6/2025Senate
  14. First Reading

    2/6/2025Senate
  15. Filed with Secretary by Sen. Erica Harriss

    2/6/2025Senate

Bill Text

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