PROP TX-CIRCUIT BREAKER Senate SponsorsSen. Patrick J. Joyce, Mattie Hunter, Ram Villivalam, Willie Preston and Lakesia Collins 2/6/2025SenateReferred to Assignments New Act30 ILCS 105/5.1030 newCreates the Circuit Breaker Property Tax Relief Act. Provides that an individual who: (i) is domiciled in this State; (ii) is eligible for and receives either the general homestead exemption the general alternative homestead exemption; (iii) has experienced property tax bill spikes; and (iv) has an income that meets a specified income eligibility limitation is eligible for a grant of a portion of their bill spike. Provides that the maximum amount of grant to which a claimant is entitled is the one-half of the claimant's tax bill spike. Creates the Circuit Breaker Property Tax Relief Fund for the purpose of making grants to claimants. Amends the State Finance Act to make conforming changes. Effective immediately. 2/6/2025SenateFiled with Secretary by Sen. Patrick J. Joyce 2/6/2025SenateFirst Reading 2/6/2025SenateReferred to Assignments 2/27/2025SenateAdded as Co-Sponsor Sen. Mattie Hunter 4/4/2025SenateAdded as Co-Sponsor Sen. Ram Villivalam 9/4/2025SenateAdded as Co-Sponsor Sen. Willie Preston 12/3/2025SenateAdded as Co-Sponsor Sen. Lakesia Collins