summary
Introduced
01/29/2025
01/29/2025
In Committee
03/21/2025
03/21/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Property Tax Code. Creates a senior citizens homestead school levy exemption for property that is improved with a permanent structure that is occupied as a primary residence by an applicant who (i) is 65 years of age or older during the taxable year, (ii) has a household income that does not exceed the maximum income limitation, (iii) is liable for paying real property taxes on the property, (iv) is an owner of record of the property or has a legal or equitable interest in the property as evidenced by a written instrument, if no individual residing at the real property is or will be enrolled in a public school. Effective immediately.
AI Summary
This bill creates a new property tax exemption for senior citizens in Illinois, specifically targeting school levy taxes. The exemption applies to homeowners who are 65 years or older, have a household income below $100,000 (adjusted annually for inflation), and own or have a legal interest in a property that is not occupied by a school-aged resident. Starting in 2026, qualified seniors can receive an exemption on the portion of their property taxes related to school staff salaries (faculty, administrator, and classified staff salaries and benefits). The exemption amount differs slightly between counties with more or fewer than 3 million inhabitants, with potential gradual reductions over time. Seniors must apply for the exemption through their county assessment officer, providing an affidavit verifying their income, age, and household status. The bill also includes provisions for surviving spouses to continue receiving the exemption under certain conditions and allows for filing deadline extensions in cases of severe medical conditions. Notably, the exemption is designed to provide tax relief specifically for senior homeowners without children in the school system, helping to reduce their property tax burden.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Rule 19(a) / Re-referred to Rules Committee (on 03/21/2025)
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=1906&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/HB/10400HB1906.htm |
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