state_legiscan_drain · IL
PROP TX-FREE AND CLEAR EXEMPT
February 6, 2026
Summary
If enacted, this bill would create a full property tax exemption for primary residences owned and occupied by homeowners aged 75 or older whose income does not exceed a specified limit. The exemption applies to all property taxes levied under the Property Tax Code, effectively eliminating the tax burden for qualifying seniors.
AI-generated summary · Jul 5, 2026. Verify with your compliance counsel before acting.
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Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=3872&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Common questions
- What does "PROP TX-FREE AND CLEAR EXEMPT" cover?
- If enacted, this bill would create a full property tax exemption for primary residences owned and occupied by homeowners aged 75 or older whose income…
- When was it published?
- It was published on February 6, 2026.