SB1978 - 104th General Assembly (2025-2026)

PROP TX-CIRCUIT BREAKER
Last Action
02/06/2025 - Senate: Referred to Assignments
Statutes Amended In Order of Appearance
New Act  
30 ILCS 105/5.1030 new  
Synopsis As Introduced
Creates 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.
Actions
DateChamberAction
02/06/2025SenateFiled with Secretary by Sen. Patrick J. Joyce
02/06/2025SenateFirst Reading
02/06/2025SenateReferred to Assignments
02/27/2025SenateAdded as Co-Sponsor Sen. Mattie Hunter
04/04/2025SenateAdded as Co-Sponsor Sen. Ram Villivalam
09/04/2025SenateAdded as Co-Sponsor Sen. Willie Preston