Bill Status of HB5433

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HB5433 - 104th General Assembly

PROP TX-CIRCUIT BREAKER
Last Action
3/27/2026 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Justin Slaughter
Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.1038 new
Synopsis As Introduced
Creates the Circuit Breaker Property Tax Relief Act. Provides that an individual: (i) who is domiciled in this State; (ii) who is eligible for and receives either the general homestead exemption or the general alternative homestead exemption; (iii) who has experienced property tax bill spikes; and (iv) who has an income that meets a specified income eligibility limitation is eligible for a grant of a portion of the person's property tax bill spike. Provides that the maximum amount of grant to which a claimant is entitled is 50% of the claimant's tax bill spike. Creates the Circuit Breaker Property Tax Relief Fund for the purpose of making grants to claimants. Amends the State Finance Act to make conforming changes. Effective immediately.
Actions
Date Chamber Action
2/06/2026 House Filed with the Clerk by Rep. Justin Slaughter
2/13/2026 House First Reading
2/13/2026 House Referred to Rules Committee
3/12/2026 House Assigned to Revenue & Finance Committee
3/27/2026 House Rule 19(a) / Re-referred to Rules Committee