Illinois House of Representatives bill in Session 104.
Status: in_committee. Latest action: March 21, 2025.
PROP TX-GENERAL HOMESTEAD.
Amends the Property Tax Code. Increases the maximum reduction for the general homestead exemption to $50,000 in counties with 3,000,000 or more inhabitants. Provides that for taxable years 2025 through 2027, the property tax liability for homestead property in Cook County that contains a single-family home or a multi-unit residential dwelling with fewer than 3 units shall not exceed the adjusted property tax liability for the property for the applicable tax year. Effective immediately.
| Date | Event | Detail |
|---|---|---|
| 2025-01-29 | Introduced | Bill introduced |
| 2025-03-21 | Status | in_committee |
| 2025-03-21 | Latest Action | 3/21/2025 - House: |