Illinois House Bill 2529: PROP TX-SENIOR EXEMPT

Illinois · 104th session

What it does

Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the maximum reduction for the senior citizens homestead exemption is $8,000 in all counties (currently, $8,000 in counties with 3,000,000 or more inhabitants and counties that are contiguous to a county of 3,000,000 or more inhabitants and $5,000 in all other counties). Effective immediately.

Latest action

Rule 19(a) / Re-referred to Rules Committee (2025-03-21)

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