PROP TX-LONG-TIME OCCUPANT Senate SponsorsSen. Natalie Toro 1/7/2025SenateSession Sine Die 35 ILCS 200/15-177Amends the Property Tax Code. Provides that, for the purpose of calculating the long-time occupant homestead exemption, the adjusted homestead value shall be calculated by increasing the base homestead value by (i) 5% (currently, 10%) for qualified taxpayers with a household income of more than $75,000 but not exceeding $100,000 or (ii) 3% (currently, 7%) for qualified taxpayers with a household income of $75,000 or less. Effective immediately. 1/19/2024SenateFiled with Secretary by Sen. Natalie Toro 1/19/2024SenateFirst Reading 1/19/2024SenateReferred to Assignments 1/31/2024SenateAssigned to Revenue 3/15/2024SenateRule 2-10 Committee Deadline Established As April 5, 2024 4/5/2024SenateRule 2-10 Committee Deadline Established As May 3, 2024 5/3/2024SenateRule 3-9(a) / Re-referred to Assignments 1/7/2025SenateSession Sine Die