Illinois Senate bill in Session 104.
Status: in_committee. Latest action: February 24, 2026.
PROP TX-GENERAL HOMESTEAD-CPI.
Amends the Property Tax Code. Provides that, for taxable years 2027 and thereafter, the maximum reduction for the general homestead exemption in all counties shall be the maximum reduction for the immediately preceding taxable year, increased by the percentage increase, if any, in the Consumer Price Index during the 12-month period ending on September 30 of the immediately preceding taxable year. Effective immediately.
| Date | Event | Detail |
|---|---|---|
| 2026-02-06 | Introduced | Bill introduced |
| 2026-02-24 | Status | in_committee |
| 2026-02-24 | Latest Action | 2/24/2026 - Senate: |