SB3174 - 104th General Assembly (2025-2026)

PROP TX-30-YEAR HOMESTEAD
Last Action
2/02/2026 - Senate: Referred to Assignments
Senate Sponsors
Sen. Neil Anderson
Statutes Amended In Order of Appearance
35 ILCS 200/15-177.1 new  
30 ILCS 805/8.50 new  
Synopsis As Introduced
Amends the Property Tax Code. Establishes a homestead exemption for qualified homestead property that has been continuously owned, used, and occupied as the primary residence by the qualified taxpayer for at least 30 years prior to January 1 of the taxable year for which the exemption would apply. Requires taxpayers who have been granted an exemption to reapply on an annual basis. Provides that the assessor or chief county assessment officer may determine the eligibility of residential property to receive the homestead exemption by application, visual inspection, questionnaire, or other reasonable methods. Sets forth provisions concerning the review of exemptions granted under the provisions. Defines "qualified homestead property" and "qualified taxpayer". Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Actions
DateChamberAction
2/02/2026SenateFiled with Secretary by Sen. Neil Anderson
2/02/2026SenateFirst Reading
2/02/2026SenateReferred to Assignments