2025-2026 Regular Session • Illinois Legislature
HB1563: PROP TX-SENIOR FREEZE-CPI
Legislative Summary
Amends the Property Tax Code. Provides that, for taxable year 2026, the maximum income limitation for the senior freeze shall be $75,000 for all qualified property (currently, $65,000). Provides that the maximum income limitation shall be adjusted each year according to the change in the Consumer Price Index for All Urban Consumers. Effective immediately.
Demographic Impact
Overall analysis of equity impact
80% Positive
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Bill History
1/21/2025
Filed with the Clerk by Rep. Charles Meier
House of Representatives
1/23/2025
Added Co-Sponsor Rep. Tony M. McCombie
House of Representatives
1/28/2025
First Reading
House of Representatives
1/28/2025
Referred to Rules Committee
House of Representatives
2/7/2025
Added Co-Sponsor Rep. Regan Deering
House of Representatives
2/18/2025
Assigned to Revenue & Finance Committee
House of Representatives
3/3/2025
To Property Tax Subcommittee
House of Representatives
3/12/2025
Added Co-Sponsor Rep. Kevin Schmidt
House of Representatives
3/21/2025
Rule 19(a) / Re-referred to Rules Committee
House of Representatives
Status Information
Current Status
Introduced(1/21/2025)
Chamber
House of Representatives
Committee
Rules(House of Representatives)
Sponsors
Republican: 4
Primary Sponsor
Charles Meier
Republican