Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $80,000 (currently, $65,000). Effective immediately.

  CURRENT STATUS

10/15/2025 - Referred to House Rules

Amends the Property Tax Code. Repeals a provision that exempts titleholders and owners of beneficial interests in property that is exempt from taxation because it is used for religious purposes, for school and religious purposes, or as an orphanage from annually filing an affidavit stating whether there has been, among other things, any change in the ownership or use of the property. Effective immediately.

  CURRENT STATUS

3/27/2026 - Rule 19(a) / Re-referred to Rules Committee

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, on and after the effective date of the amendatory Act, before the estimated dates of completion of a redevelopment project and retirement of obligations issued to finance development project costs (including refunding bonds) are extended to the 35th or 47th years, the municipality must submit to the Governor, President of the Senate, and Speaker of the House of Representatives written support for the extension of the life of the redevelopment project area from each school district, community college district, and park district that has authority to directly levy taxes on property within the redevelopment project area. Provides that a municipality may only submit written support to extend a redevelopment project area to the 35th year within the 5 years prior to the estimated date of completion of the redevelopment project and may only submit written support to extend a redevelopment project area to the 47th year within one year prior to the estimated date of completion of the redevelopment project area. Effective immediately.

  CURRENT STATUS

5/22/2026 - Rule 3-9(a) / Re-referred to Assignments

Amends the Property Tax Code. Provides that, in counties with a population of more than 700,000 residents and fewer than 725,000 residents, upon motion of any party and provided that other parties to the appeal do not object, hearings upon appeal to the Property Tax Appeal Board shall be heard online with parties to the appeal participating in the hearing remotely. Requires the Property Tax Appeal Board to amend its rules of practice and procedure within 60 days after the effective date of the amendatory Act to accommodate the remote hearings. Amends the Illinois Administrative Procedure Act. Authorizes the Property Tax Appeal Board to adopt emergency rules to implement the amendatory Act. Effective immediately.

  CURRENT STATUS

5/22/2026 - Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that all surplus funds in the special tax allocation fund shall be distributed as soon as possible after they are calculated (rather than distributed annually within 180 days after the close of the municipality's fiscal year).

  CURRENT STATUS

3/27/2026 - Rule 3-9(a) / Re-referred to Assignments

Amends the Property Tax Code. In provisions concerning platted and subdivided but undeveloped property, provides that (i) beginning with the 2025 taxable year, no property's assessed value shall be reduced to less than $150 under those provisions and (ii) beginning with the 2035 taxable year, no property shall be eligible for calculation of its assessed value under those provisions for more than a 10-year period.

  CURRENT STATUS

5/22/2026 - Rule 3-9(a) / Re-referred to Assignments

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that if (1) 3 or more improved lots, blocks, tracts, or parcels of real property within a single redevelopment project area are purchased by a developer or a developer's parent company or wholly-owned subsidiary, or any combination thereof, within the 3 years prior to the date that the ordinance providing for the tax increment allocation was adopted by the municipality, and (2) an improvement on any of the lots, blocks, tracts, or parcels of real property is demolished or otherwise rendered uninhabitable, then the initial equalized assessed value for the lot, block, tract or parcel of real property shall be the equalized assessed value of the lot, block, tract, or parcel of real property on the date it was purchased by the developer, the developer's parent company, or the developer's wholly-owned subsidiary or purchased by any combination thereof. Limits the provisions to ordinances adopted after the effective date of the amendatory Act.

  CURRENT STATUS

5/22/2026 - Rule 3-9(a) / Re-referred to Assignments

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, if a county clerk determines that any lot, block, tract, or parcel of real property within a redevelopment project area is not taxable or has an initial equalized assessed value of $0, then the fair market value of the lot, block, tract, or parcel shall be instead determined by a written MAI-certified appraisal or by a written certified appraisal of a State-certified or State-licensed real estate appraiser. Provides that this reappraisal shall be the initial equalized assessed value of the lot, block, tract, or parcel and shall be added to the total initial equalized assessed value of the taxable real property within the redevelopment project area. Limits the provisions to tax increment allocation financing ordinances adopted after the effective date of the amendatory Act.

  CURRENT STATUS

5/22/2026 - Rule 3-9(a) / Re-referred to Assignments

Creates the Circuit Breaker Property Tax Relief Act. Provides that an individual who: (i) is domiciled in this State; (ii) is eligible for and receives either the general homestead exemption the general alternative homestead exemption; (iii) has experienced property tax bill spikes; and (iv) has an income that meets a specified income eligibility limitation is eligible for a grant of a portion of their bill spike. Provides that the maximum amount of grant to which a claimant is entitled is the one-half of the claimant's tax bill spike. Creates the Circuit Breaker Property Tax Relief Fund for the purpose of making grants to claimants. Amends the State Finance Act to make conforming changes. Effective immediately.

  CURRENT STATUS

12/3/2025 - Added as Co-Sponsor Sen. Lakesia Collins

Amends the Property Tax Code. Provides that the assessed value of residential property in any general assessment year shall not exceed the assessed value of the property in the last general assessment year multiplied by one plus the percentage change in the Consumer Price Index during the 12-month calendar year immediately preceding the general assessment year for which the reassessment is conducted. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately.

  CURRENT STATUS

11/24/2025 - Added as Chief Co-Sponsor Sen. Darby A. Hills

Amends the Property Tax Code. Provides that, if bills for the second installment of taxes in any taxable year are not mailed by the deadlines set forth in the Code, then the deadlines set forth for the application for judgment and order of sale shall be extended by an additional 90 days.

  CURRENT STATUS

5/22/2026 - Rule 3-9(a) / Re-referred to Assignments

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that special purpose levies made for the purpose of funding a Veterans Assistance Commission are not included in a taxing district's aggregate extension.

  CURRENT STATUS

5/22/2026 - Rule 3-9(a) / Re-referred to Assignments

Amends the Illinois Municipal Code. Provides that, on and after the effective date of the amendatory Act, a redevelopment project area and any amendment adding an additional area to any existing redevelopment project areas created under the Tax Increment Allocation Redevelopment Act of the Municipal Code may include areas within the Big Island River Conservancy District created under the River Conservancy Districts Act only if the municipality receives unanimous consent from both (1) the board of trustees of the Big Island River Conservancy District and (2) the joint review board created to review the proposed redevelopment project area and any proposed amendment of any existing redevelopment area. Amends the River Conservancy Districts Act to make conforming changes. Effective immediately.

  CURRENT STATUS

5/15/2026 - Rule 3-9(a) / Re-referred to Assignments

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, notwithstanding any other provision of law, beginning in levy year 2026, if a specified taxing district provided a property tax abatement under a specified provision of the Energy Community Reinvestment Act in any levy year occurring before the current levy year and if the taxing district was subject to the Property Tax Extension Limitation Law in the levy year of the abatement, then the district's aggregate extension base for each subsequent levy year after the levy year of the abatement but not earlier than levy year 2026 shall be calculated as through the district's aggregate extension for the levy year in which the abatement was granted included the amount of the abatement. Effective immediately.

  CURRENT STATUS

5/22/2026 - Rule 3-9(a) / Re-referred to Assignments

Amends the Property Tax Code. Provides that a complainant before the board of review or the Property Tax Appeal Board may represent himself or herself or designate a representative to appear before the board on his or her behalf. Provides that the description of rules and procedures provided by the board of review to the public must include an explanation that the taxpayer may appear pro se or be represented by any other person, including but not limited to an attorney, accountant, or other tax representative. Provides that the assessor or the board of review has the burden of proving any contested matter of fact by a preponderance of the evidence (currently, the plaintiff has the burden of proof by clear and convincing evidence).

  CURRENT STATUS

3/27/2026 - Rule 3-9(a) / Re-referred to Assignments

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Makes changes to the definition of "limiting rate". Provides for alternative referendum procedures for a taxing district to increase its aggregate extension. Effective immediately.

  CURRENT STATUS

1/29/2026 - Referred to Senate Assignments

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated date of completion of a redevelopment project and the retirement of obligations issued to finance redevelopment project costs for an ordinance adopted on the July 1, 2003 by the Village of Summit. Effective immediately.

  CURRENT STATUS

5/22/2026 - Rule 3-9(a) / Re-referred to Assignments