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SB 4029·IL·senate

PROP TX-SENIOR FREEZE

In CommitteeFiled Feb 6, 2026
Sponsor: Sue Rezin (R)
Latest Action

Added as Co-Sponsor Sen. Paul Jacobs

Sep 2, 2026

Summary

The bill changes the state Property Tax Code so that the maximum household income allowed for the low‑income senior citizens assessment freeze homestead exemption will rise each year by the Consumer Price Index increase. It affects seniors 65 and older who qualify for the exemption, helping keep the benefit affordable as costs rise. The change takes effect for taxable years beginning in 2029.

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