Bill Status of HB 1563   104th General Assembly


Short Description:  PROP TX-SENIOR FREEZE-CPI

House Sponsors
Rep. Charles Meier and Tony M. McCombie

Last Action  View All Actions

DateChamber Action
  1/28/2025HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/15-172

Synopsis As Introduced
Amends the Property Tax Code. Provides that, for taxable year 2026, the maximum income limitation for the senior freeze shall be $75,000 for all qualified property (currently, $65,000). Provides that the maximum income limitation shall be adjusted each year according to the change in the Consumer Price Index for All Urban Consumers. Effective immediately.

Actions 
DateChamber Action
  1/21/2025HouseFiled with the Clerk by Rep. Charles Meier
  1/23/2025HouseAdded Co-Sponsor Rep. Tony M. McCombie
  1/28/2025HouseFirst Reading
  1/28/2025HouseReferred to Rules Committee

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