Illinois General Assembly - Bill Status for SB2030

Synopsis As Introduced
Amends the Property Tax Code. Provides that, for taxable year 2023, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is (i) $75,000 for qualified property in a county with 3,000,000 or more inhabitants and (ii) $65,000 for qualified property located in a county with fewer than 3,000,000 inhabitants. Provides that, for taxable years 2024 and thereafter, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $75,000 for all qualified property. Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that the maximum household income under the Act is $75,000 for tax years 2023 and thereafter. Effective immediately.

Actions

Date	Chamber	Action
2/9/2023	Senate	Filed with Secretary by Sen. Laura M. Murphy
2/9/2023	Senate	First Reading
2/9/2023	Senate	Referred to Assignments
2/21/2023	Senate	Assigned to Revenue
3/10/2023	Senate	Rule 3-9(a) / Re-referred to Assignments
1/10/2024	Senate	Re-assigned to Revenue
1/11/2024	Senate	Added as Chief Co-Sponsor Sen. Mary Edly-Allen
3/15/2024	Senate	Rule 2-10 Committee Deadline Established As April 5, 2024
3/20/2024	Senate	Added as Co-Sponsor Sen. Michael W. Halpin
4/5/2024	Senate	Rule 2-10 Committee Deadline Established As May 3, 2024

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