PROP TX-5-YEAR HOMESTEAD House SponsorsRep. Thaddeus Jones 1/7/2025HouseSession Sine Die 35 ILCS 200/15-177.1 new 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. 7/24/2024HouseFiled with the Clerk by Rep. Thaddeus Jones 11/12/2024HouseFirst Reading 11/12/2024HouseReferred to Rules Committee 1/7/2025HouseSession Sine Die