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Vol. 2026 · Bill Detail · Special Edition

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Wednesday, September 2, 2026

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IL · HB0047CMTE · 2 COSPONSORS

PROP TAX-SR FREEZE-MEDICARE

Where it is in the process
Plain-English Summary

Amends the Property Tax Code. In a provision concerning the Low-Income Senior Citizens Assessment Freeze Homestead Exemption, provides that, beginning in taxable year 2026, the taxpayer's annual household income for purposes of determining eligibility for the exemption shall be reduced by any amounts paid by the taxpayer as Medicare premiums during the calendar year. Effective immediately.

Source: OpenStates · fetched March 21, 2025

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