HB5867 - PROP TX-5-YEAR HOMESTEAD
Illinois - 103rd General Assembly
Introduced byThaddeus Jones
Last updated 2 months ago
1 Co-Sponsor
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.
STATUS
Introduced
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