Bill Status of SB 1977   104th General Assembly

Short Description:  PROP TX-HOMESTEAD

Senate Sponsors
Sen. Robert Peters and Sara Feigenholtz-Graciela Guzmán

Last Action  View All Actions

DateChamber Action
  6/2/2025SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 200/15-163 new
35 ILCS 200/15-172
35 ILCS 200/21-385
320 ILCS 30/2from Ch. 67 1/2, par. 452
320 ILCS 30/3from Ch. 67 1/2, par. 453

Synopsis As Introduced
Amends the Property Tax Code. Provides that, on and after July 1, 2026, any bill to amend an existing homestead exemption or to create a new homestead exemption shall include the submission of an impact statement prepared by the sponsor of the bill. Provides that the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption shall be $85,000 for taxable year 2025 and shall be subject to a cost-of-living adjustment in subsequent years. Provides that, for any tax certificates held by a county, the county clerk may create and administer a payment plan during the redemption period. Amends the Senior Citizens Real Estate Tax Deferral Act. Makes changes concerning the maximum household income. Effective immediately.

Actions 
DateChamber Action
  2/6/2025SenateFiled with Secretary by Sen. Robert Peters
  2/6/2025SenateFirst Reading
  2/6/2025SenateReferred to Assignments
  3/12/2025SenateAssigned to Revenue
  3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025
  3/21/2025SenateAdded as Co-Sponsor Sen. Sara Feigenholtz
  4/11/2025SenateRule 2-10 Committee Deadline Established As May 9, 2025
  5/1/2025SenateAdded as Chief Co-Sponsor Sen. Graciela Guzmán
  5/9/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
  5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
  5/29/2025SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Celina Villanueva
  5/29/2025SenateSenate Committee Amendment No. 1 Referred to Assignments
  5/30/2025SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  6/2/2025SenateRule 3-9(a) / Re-referred to Assignments
  6/2/2025SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

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