2023-2024 Regular Session • Illinois Legislature
SB3573: PROP TX-SENIOR FREEZE
Legislative Summary
Amends the Property Tax Code. Provides that, for taxable year 2024, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $75,000. Provides that, for taxable year 2025 and subsequent taxable years, the maximum income limitation shall be adjusted by the percentage increase, if any, in the Consumer Price Index. Effective immediately.
Bill History
2/9/2024
Filed with Secretary by Sen. Erica Harriss
Senate
2/9/2024
First Reading
Senate
2/9/2024
Referred to Assignments
Senate
2/16/2024
Added as Chief Co-Sponsor Sen. Seth Lewis
Senate
2/20/2024
Assigned to Revenue
Senate
2/20/2024
Added as Chief Co-Sponsor Sen. Dan McConchie
Senate
3/15/2024
Rule 2-10 Committee Deadline Established As April 5, 2024
Senate
3/18/2024
Added as Co-Sponsor Sen. Andrew S. Chesney
Senate
3/20/2024
Added as Co-Sponsor Sen. Dave Syverson
Senate
4/5/2024
Rule 2-10 Committee Deadline Established As May 3, 2024
Senate
5/3/2024
Rule 3-9(a) / Re-referred to Assignments
Senate
6/10/2024
Added as Co-Sponsor Sen. Sally J. Turner
Senate
6/11/2024
Added as Co-Sponsor Sen. Win Stoller
Senate
6/26/2024
Added as Co-Sponsor Sen. Jil Tracy
Senate
7/2/2024
Added as Co-Sponsor Sen. Sue Rezin
Senate
7/11/2024
Added as Co-Sponsor Sen. Jason Plummer
Senate
Status Information
Current Status
Introduced(2/9/2024)
Chamber
Senate
Committee
Assignments(Senate)