PROP TX-MIDDLE CLASS CREDIT Senate SponsorsSen. Patrick J. Joyce and Michael E. Hastings 1/7/2025SenateSession Sine Die 35 ILCS 200/15-179 new30 ILCS 805/8.47 newAmends the Property Tax Code. Creates a middle-class tax credit limited to a reduction in the equalized assessed value of homestead property owned by a middle-class taxpayer of 5% of the equalized assessed value of the property for the current assessment year. Provides that the maximum exemption is limited to $5,000. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 2/9/2023SenateFiled with Secretary by Sen. Patrick J. Joyce 2/9/2023SenateFirst Reading 2/9/2023SenateReferred to Assignments 2/15/2023SenateAdded as Co-Sponsor Sen. Michael E. Hastings 2/21/2023SenateAssigned to Revenue 3/10/2023SenateRule 3-9(a) / Re-referred to Assignments 1/7/2025SenateSession Sine Die