Bill > SB1750

This bill amends the Property Tax Code to modify the Low-Income Senior Citizens Assessment Freeze Homestead Exemption in counties with 3,000,000 or more inhabitants. The bill allows the Chief County Assessment Officer to request full social security numbers or individual taxpayer identification numbers for all household members applying for the exemption. It also provides a streamlined renewal process where the Assessment Officer can renew the exemption without a new application if they can confirm that the applicant still owns and resides in the property and continues to meet the household income requirements. When renewing the exemption without an application, the Assessment Officer must notify the applicant of the renewal and remind them of their ongoing obligation to report any changes that might affect their eligibility for the exemption. If the Assessment Officer cannot confirm all elements of the exemption, they must notify the homeowner and provide an opportunity to address any deficiencies. This change aims to simplify the exemption process for senior citizens while maintaining verification procedures to ensure only eligible homeowners receive the tax benefit.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1750&GAID=18&DocTypeID=SB&SessionID=114&GA=104