PROP TX-SENIORS Senate SponsorsSen. Laura M. Murphy-Rachel Ventura 1/27/2026SenateRe-assigned to Revenue 35 ILCS 200/15-172320 ILCS 30/2from Ch. 67 1/2, par. 452Amends the Property Tax Code. In provisions concerning the low-income senior citizens assessment freeze homestead exemption, provides that the applicant's income does not include up to $10,000 per household in required minimum distributions under the Internal Revenue Code from a retirement plan, retirement account, or retirement annuity. Provides that, for taxable year 2025 and thereafter, the maximum income limitation is $75,000 for all qualified property. Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that an eligible taxpayer has a household income of not more than $75,000 for tax year 2025 and thereafter (currently, $65,000 for tax years 2022 through 2025 and $55,000 for tax year 2026 and thereafter). Effective immediately. 2/6/2025SenateFiled with Secretary by Sen. Laura M. Murphy 2/6/2025SenateFirst Reading 2/6/2025SenateReferred to Assignments 2/18/2025SenateAssigned to Revenue 3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025 4/11/2025SenateRule 2-10 Committee Deadline Established As May 9, 2025 5/9/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 5/12/2025SenateAdded as Chief Co-Sponsor Sen. Rachel Ventura 5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments 1/27/2026SenateRe-assigned to Revenue 3/13/2026SenateRule 2-10 Committee Deadline Established As April 24, 2026