HB2882 - PROP TX-SENIOR FREEZE
Illinois - 103rd General Assembly
Introduced byJanet Yang Yang Rohr
Last updated over 1 year ago
1 Co-Sponsor
Amends the Property Tax Code. Provides that, for taxable year 2024, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Provides that, beginning in taxable year 2025, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption shall be increased each year by the percentage increase, if any, in the Consumer Price Index. Effective immediately.
STATUS
Introduced
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