· IL legislature · 104th

PROP TX-GENERAL HOMESTEAD AMT

Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the maximum reduction for the general homestead exemption is $10,000 in all counties. Effective immediately.

Sponsor

Marty McLaughlin (R-IL)

Introduced

2025-02-04

Policy area

Taxation

Latest action

Added Co-Sponsor Rep. Kevin Schmidt