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<xml>
<title>Illinois General Assembly - Bill Status for SB 3573         </title>
<shortdesc>PROP TX-SENIOR FREEZE</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Erica Harriss-Seth Lewis-Dan McConchie, Andrew S. Chesney, Dave Syverson, Sally J. Turner, Win Stoller, Jil Tracy, Sue Rezin and Jason Plummer</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/15-172</reference><aliasreference></aliasreference><SynopsisText>Amends the Property Tax Code. Provides that, for taxable year 2024, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $75,000. Provides that, for taxable year 2025 and subsequent taxable years, the maximum income limitation shall be adjusted by the percentage increase, if any, in the Consumer Price Index. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2024</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Erica Harriss</action>
<statusdate>2/9/2024</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/9/2024</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/16/2024</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Seth Lewis</action>
<statusdate>2/20/2024</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>2/20/2024</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Dan McConchie</action>
<statusdate>3/15/2024</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 5, 2024</action>
<statusdate>3/18/2024</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Andrew S. Chesney</action>
<statusdate>3/20/2024</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Dave Syverson</action>
<statusdate>4/5/2024</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 3, 2024</action>
<statusdate>5/3/2024</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>6/10/2024</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Sally J. Turner</action>
<statusdate>6/11/2024</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Win Stoller</action>
<statusdate>6/26/2024</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Jil Tracy</action>
<statusdate>7/2/2024</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Sue Rezin</action>
<statusdate>7/11/2024</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Jason Plummer</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

