SB2701

SB2701 amends the Property Tax Code to simplify the renewal process for senior citizens' homestead exemptions in Illinois.

SB2701 amends the Property Tax Code to modify the senior citizens' homestead exemption process. For taxable years 2026 and beyond, taxpayers who have been granted the exemption in any county will no longer need to reapply annually. This change simplifies the renewal process and reduces administrative burden for eligible seniors. The bill also includes provisions for reviewing and correcting erroneously granted exemptions and mandates the sharing of death information to ensure the exemption is only applied to eligible properties.