Bill Status of HB1326

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HB1326 - 104th General Assembly

PROP TX-5-YEAR HOMESTEAD
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Thaddeus Jones
Statutes Amended In Order of Appearance
35 ILCS 200/15-177.1 new
Synopsis As Introduced
Amends the Property Tax Code. Creates a homestead exemption for certain property located in Cook County that has been used as a qualified taxpayer's principal dwelling place for at least 5 continuous years as of January 1 of the taxable year. Provides that the aggregate amount of property taxes levied against that property in any taxable year may not exceed $5,000. Effective immediately.
Actions
Date Chamber Action
1/14/2025 House Filed with the Clerk by Rep. Thaddeus Jones
1/28/2025 House First Reading
1/28/2025 House Referred to Rules Committee
2/11/2025 House Assigned to Revenue & Finance Committee
2/25/2025 House To Property Tax Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee