PROP TX-LONG-TIME OCCUPANT
- Introduced Jan 19, 2024
- In committee Jan 19, 2024
- Died
- Passed the House
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
Amends the Property Tax Code. Provides that, for the purpose of calculating the long-time occupant homestead exemption, the adjusted homestead value shall be calculated by increasing the base homestead value by (i) 5% (currently, 10%) for qualified taxpayers with a household income of more than $75,000 but not exceeding $100,000 or (ii) 3% (currently, 7%) for qualified taxpayers with a household income of $75,000 or less. Effective immediately.
Every action
8 steps, oldest first, as the legislature records them.
- SenateFiled with Secretary by Sen. Natalie Toro
- SenateFirst Reading
- CommitteeReferred to Assignments · Senate Assignments
- CommitteeAssigned to Revenue · Senate Revenue
- SenateRule 2-10 Committee Deadline Established As April 5, 2024
- SenateRule 2-10 Committee Deadline Established As May 3, 2024
- CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
- SenateSession Sine Die
Roll calls
No recorded votes on this bill yet.
Sponsors
The member who introduced it.
-
Natalie ToroD Primary sponsor · District 20
From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.