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Neutral Bill Mar 16, 2026

PROP TAX-SR FREEZE-MEDICARE

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.

https://legiscan.com/IL/bill/HB0047/2025
Kevin Schmidt State Representative Tony McCombie State Representative Cosponsor
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