Illinois General Assembly - Bill Status for SB1862

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 any time 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

Date	Chamber	Action
2/6/2025	Senate	Filed with Secretary by Sen. Neil Anderson
2/6/2025	Senate	First Reading
2/6/2025	Senate	Referred to Assignments
2/11/2025	Senate	Added as Co-Sponsor Sen. Dave Syverson
2/19/2025	Senate	Added as Co-Sponsor Sen. Terri Bryant
2/27/2025	Senate	Added as Chief Co-Sponsor Sen. Chapin Rose
2/27/2025	Senate	Added as Co-Sponsor Sen. Donald P. DeWitte
3/20/2025	Senate	Added as Co-Sponsor Sen. Napoleon Harris, III
3/20/2025	Senate	Added as Co-Sponsor Sen. Suzy Glowiak Hilton
4/7/2025	Senate	Added as Co-Sponsor Sen. Chris Balkema
5/7/2025	Senate	Added as Co-Sponsor Sen. Craig Wilcox

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