Bill Status of HB 1495   104th General Assembly

Short Description:  REVENUE-PROP TAX RELIEF

House Sponsors
Rep. Brad Halbrook

Last Action  View All Actions

DateChamber Action
  1/28/2025HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
20 ILCS 2505/2505-835 new
30 ILCS 105/5.1030 new

Synopsis As Introduced
Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue shall establish and administer a property tax relief pilot program. Provides that eligible homeowners shall receive a one-time direct relief payment in an amount equal to a percentage, determined by the Department by rule, of the eligible homeowner's property tax liability for the 2025 tax year. Requires the Department of Revenue to submit a report in connection with the Program to the Governor and the General Assembly. Creates the Property Tax Relief Program Fund of 2026. Provides that moneys in the Fund shall be used by the Department for the purpose of making property tax relief payments. Amends the State Finance Act to make conforming changes.

Actions 
DateChamber Action
  1/21/2025HouseFiled with the Clerk by Rep. Brad Halbrook
  1/28/2025HouseFirst Reading
  1/28/2025HouseReferred to Rules Committee

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