Illinois House of Representatives bill in Session 104.
Status: in_committee. Latest action: March 21, 2025.
PROP TX-5-YEAR HOMESTEAD.
Amends the Property Tax Code. Creates a homestead exemption for certain property located in Cook County that has been used as a qualified taxpayer's principal dwelling place for at least 5 continuous years as of January 1 of the taxable year. Provides that the aggregate amount of property taxes levied against that property in any taxable year may not exceed $5,000. Effective immediately.
| Date | Event | Detail |
|---|---|---|
| 2025-01-28 | Introduced | Bill introduced |
| 2025-03-21 | Status | in_committee |
| 2025-03-21 | Latest Action | 3/21/2025 - House: |