<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 1563</title>
<shortdesc>PROP TX-SENIOR FREEZE-CPI</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Charles Meier, Tony M. McCombie, Regan Deering and Kevin Schmidt</sponsors>
</sponsor>
<lastaction>
<statusdate>3/21/2025</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/15-172</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>1/21/2025</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Charles Meier</action>
<statusdate>1/23/2025</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Tony M. McCombie</action>
<statusdate>1/28/2025</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/28/2025</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/7/2025</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Regan Deering</action>
<statusdate>2/18/2025</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/3/2025</statusdate><chamber>House</chamber><action>To Property Tax Subcommittee</action>
<statusdate>3/12/2025</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kevin Schmidt</action>
<statusdate>3/21/2025</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</actions>
</xml>
