summary
Introduced
11/29/2023
11/29/2023
In Committee
04/05/2024
04/05/2024
Crossed Over
Passed
Dead
01/08/2025
01/08/2025
Introduced Session
103rd General Assembly
Bill Summary
Amends the Property Tax Code. In provisions concerning the Low-Income Senior Citizens Assessment Freeze Homestead Exemption, provides that the term "household" does not include an exempt family member who uses the residence as his or her principal place of residence for less than 12 months during the taxable year. Provides that the term "exempt family member" means the applicant's son, daughter, stepson, or stepdaughter and the spouse of the applicant's son, daughter, stepson, or stepdaughter. Provides that the maximum income limitation amount is $80,000 (rather than $65,000).
AI Summary
This bill amends the Property Tax Code to update the provisions for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption. Specifically, it defines "exempt family member" to include the applicant's son, daughter, stepson, or stepdaughter and their spouses, and excludes these exempt family members from the "household" definition if they use the residence for less than 12 months during the taxable year. Additionally, the bill increases the maximum income limitation from $65,000 to $80,000 for taxable years 2024 and thereafter.
Committee Categories
Budget and Finance
Sponsors (9)
Jed Davis (R)*,
Dan Caulkins (R),
David Friess (R),
Nicole La Ha (R),
Marty McLaughlin (R),
Kevin Schmidt (R),
Brandun Schweizer (R),
Patrick Sheehan (R),
Joe Sosnowski (R),
Last Action
Session Sine Die (on 01/07/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4244&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| BillText | https://www.ilga.gov/legislation/103/HB/10300HB4244.htm |
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