Bill > HB1099

This bill amends the Property Tax Code to modify the Low-Income Senior Citizens Assessment Freeze Homestead Exemption by clarifying definitions related to household and household income. Specifically, for taxable years 2026 and thereafter, the bill defines an "exempt family member" as the applicant's son, daughter, stepson, or stepdaughter and their respective spouses. The bill stipulates that if an exempt family member uses the residence as their principal place of residence for less than 12 months during the taxable year, they will not be considered part of the household. Similarly, the income of an exempt family member who resided in the property for less than 12 months in the preceding calendar year will not be included in the calculation of household income. This change allows senior citizens who may have adult children temporarily living with them to potentially qualify for the property tax exemption without being penalized by the additional household income or occupancy requirements. The bill is effective immediately, providing flexibility for senior homeowners in managing their household composition while maintaining eligibility for the tax exemption.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1099&GAID=18&DocTypeID=HB&SessionID=114&GA=104