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Neutral Bill Mar 16, 2026

PROP TX-HOMESTEAD

Amends the Property Tax Code. Provides that, for the purpose of eligibility for the general homestead exemption, "homestead property" also includes property that is used by a person as his or her principal dwelling place and on which the person is liable for the payment of property taxes under a lease-to-purchase or a lease-option contract.

https://legiscan.com/IL/bill/HB2424/2025
Rita Mayfield State Representative
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