PROP TX-HOMESTEAD Senate SponsorsSen. Robert Peters-Graciela Guzmán and Sara Feigenholtz 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments 35 ILCS 200/15-163 new35 ILCS 200/15-17235 ILCS 200/21-385320 ILCS 30/2from Ch. 67 1/2, par. 452320 ILCS 30/3from Ch. 67 1/2, par. 453Amends the Property Tax Code. Provides that, on and after July 1, 2026, any bill to amend an existing homestead exemption or to create a new homestead exemption shall include the submission of an impact statement prepared by the sponsor of the bill. Provides that the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption shall be $85,000 for taxable year 2025 and shall be subject to a cost-of-living adjustment in subsequent years. Provides that, for any tax certificates held by a county, the county clerk may create and administer a payment plan during the redemption period. Amends the Senior Citizens Real Estate Tax Deferral Act. Makes changes concerning the maximum household income. Effective immediately. 2/6/2025SenateFiled with Secretary by Sen. Robert Peters 2/6/2025SenateFirst Reading 2/6/2025SenateReferred to Assignments 3/12/2025SenateAssigned to Revenue 3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025 3/21/2025SenateAdded as Co-Sponsor Sen. Sara Feigenholtz 4/11/2025SenateRule 2-10 Committee Deadline Established As May 9, 2025 5/1/2025SenateAdded as Chief Co-Sponsor Sen. Graciela Guzmán 5/9/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 5/29/2025SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Celina Villanueva 5/29/2025SenateSenate Committee Amendment No. 1 Referred to Assignments 5/30/2025SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments 6/2/2025SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments