SB1862 - 104th General Assembly (2025-2026)

PROP TX-30 YEAR HOMESTEAD
Last Action
2/06/2025 - Senate: Referred to Assignments
Statutes Amended In Order of Appearance
35 ILCS 200/15-177.1 new  
30 ILCS 805/8.49 new  
Synopsis As Introduced
Amends the Property Tax Code. Establishes a homestead exemption for qualified homestead property that has been continuously owned, used, and occupied as the primary residence by the qualified taxpayer for at least 30 years any time prior to January 1 of the taxable year for which the exemption would apply. Requires taxpayers who have been granted an exemption to reapply on an annual basis. Provides that the assessor or chief county assessment officer may determine the eligibility of residential property to receive the homestead exemption by application, visual inspection, questionnaire, or other reasonable methods. Sets forth provisions concerning the review of exemptions granted under the provisions. Defines "qualified homestead property" and "qualified taxpayer". Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Actions
DateChamberAction
2/06/2025SenateFiled with Secretary by Sen. Neil Anderson
2/06/2025SenateFirst Reading
2/06/2025SenateReferred to Assignments
2/11/2025SenateAdded as Co-Sponsor Sen. Dave Syverson
2/19/2025SenateAdded as Co-Sponsor Sen. Terri Bryant
2/27/2025SenateAdded as Chief Co-Sponsor Sen. Chapin Rose
2/27/2025SenateAdded as Co-Sponsor Sen. Donald P. DeWitte
3/20/2025SenateAdded as Co-Sponsor Sen. Napoleon Harris, III
3/20/2025SenateAdded as Co-Sponsor Sen. Suzy Glowiak Hilton
4/07/2025SenateAdded as Co-Sponsor Sen. Chris Balkema
5/07/2025SenateAdded as Co-Sponsor Sen. Craig Wilcox
5/28/2025SenateAdded as Co-Sponsor Sen. Linda Holmes
8/05/2025SenateAdded as Co-Sponsor Sen. Sally J. Turner
9/08/2025SenateAdded as Co-Sponsor Sen. Li Arellano, Jr.
10/15/2025SenateAdded as Chief Co-Sponsor Sen. Jason Plummer