Illinois HB1867 amends the Property Tax Code to adjust the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead.
Illinois HB1867 amends the Property Tax Code to adjust the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption annually by the annual cost of living increase in Social Security and Supplemental Security Income benefits. The bill specifies eligibility criteria for the exemption, including income limits and residency requirements. It also outlines the process for applying for the exemption and the conditions under which it may be granted or denied.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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