In CommitteeFiled Feb 5, 2026
Sponsor: Nabeela Syed
Latest Action
Rule 19(a) / Re-referred to Rules Committee
Mar 27, 2026
Summary
The bill changes Illinois' Property Tax Code so that seniors who use retirement or health‑savings accounts to pay qualified medical costs can deduct those amounts from their household income when applying for the low‑income senior citizens assessment freeze homestead exemption. This deduction helps seniors stay under the income limit needed for the exemption. The new rule applies to taxable years beginning in 2027.
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