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HB 1563

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: March 21, 2025.

PROP TX-SENIOR FREEZE-CPI.

Bill ID IL-104-HB-1563
Session 104
Status in_committee
Committee Rules Committee
House of Representatives in_committee 2025-03-21
Summary

Amends the Property Tax Code. Provides that, for taxable year 2026, the maximum income limitation for the senior freeze shall be $75,000 for all qualified property (currently, $65,000). Provides that the maximum income limitation shall be adjusted each year according to the change in the Consumer Price Index for All Urban Consumers. Effective immediately.

Sponsor
Charles Meier
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-28 Introduced Bill introduced
2025-03-21 Status in_committee
2025-03-21 Latest Action 3/21/2025 - House:
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