PROP TX-HOMESTEAD EXEMPT House SponsorsRep. Joe C. Sosnowski, Charles Meier, Kevin Schmidt, Jason R. Bunting, Patrick Sheehan, Brad Stephens and Michael J. Coffey, Jr. 3/21/2025HouseRule 19(a) / Re-referred to Rules Committee 35 ILCS 200/15-17235 ILCS 200/15-175 Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the term "maximum income limitation" for the low-income senior citizens assessment freeze homestead exemption means the greater of (i) $80,000 or (ii) $80,000 adjusted by certain increases in the consumer price index-u. Provides that the Department of Revenue shall, not later than January 31 of each calendar year, calculate, publish, and transmit to all county clerks and county treasurers the indexed maximum income limitation number. In provisions concerning the general homestead exemption, provides that, for taxable years 2026 and thereafter, the maximum reduction is $10,000 in all counties. 1/24/2025HouseFiled with the Clerk by Rep. Joe C. Sosnowski 1/28/2025HouseFirst Reading 1/28/2025HouseReferred to Rules Committee 2/18/2025HouseAssigned to Revenue & Finance Committee 3/3/2025HouseTo Property Tax Subcommittee 3/11/2025HouseAdded Co-Sponsor Rep. Charles Meier 3/12/2025HouseAdded Co-Sponsor Rep. Kevin Schmidt 3/21/2025HouseRule 19(a) / Re-referred to Rules Committee 4/30/2025HouseAdded Co-Sponsor Rep. Jason R. Bunting 8/12/2025HouseAdded Co-Sponsor Rep. Patrick Sheehan 8/14/2025HouseAdded Co-Sponsor Rep. Brad Stephens 11/4/2025HouseAdded Co-Sponsor Rep. Michael J. Coffey, Jr.