2025-2026 Regular SessionIllinois Legislature

SB2086: PROP TX-SENIOR FREEZE

Legislative Summary

Amends the Property Tax Code. Provides that, for taxable year 2025, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $75,000. Provides that, for taxable year 2026 and subsequent taxable years, the maximum income limitation shall be adjusted by the percentage increase, if any, in the Consumer Price Index. Effective immediately.

Demographic Impact

Overall analysis of equity impact

80% Positive
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Bill History

2/6/2025
Filed with Secretary by Sen. Erica Harriss
Senate
2/6/2025
First Reading
Senate
2/6/2025
Referred to Assignments
Senate
2/25/2025
Assigned to Revenue
Senate
2/27/2025
Added as Co-Sponsor Sen. Andrew S. Chesney
Senate
3/4/2025
Added as Co-Sponsor Sen. Dale Fowler
Senate
3/4/2025
Added as Co-Sponsor Sen. Craig Wilcox
Senate
3/5/2025
Added as Co-Sponsor Sen. Li Arellano, Jr.
Senate
3/17/2025
Added as Co-Sponsor Sen. Chris Balkema
Senate
3/18/2025
Added as Co-Sponsor Sen. Dave Syverson
Senate
3/19/2025
Added as Co-Sponsor Sen. Darby A. Hills
Senate
3/21/2025
Rule 2-10 Committee Deadline Established As April 11, 2025
Senate
4/11/2025
Rule 2-10 Committee Deadline Established As May 9, 2025
Senate

Status Information

Current Status
Introduced(2/6/2025)
Chamber
Senate
Committee
Revenue(Senate)

Documents

Introduced
Bill Text2/6/202575.4 KB