Amends the State Commemorative Dates Act. Provides that the date corresponding with the second new moon following the winter solstice, or the third new moon following the winter solstice should an intercalary month intervene, is a holiday to be observed throughout the State and to be known as the Lunar New Year. Provides that, when the Lunar New Year falls on a Saturday or Sunday, the following Monday shall be held and considered the holiday. Amends the Election Code, the Illinois Procurement Code, the School Code, and the Promissory Note and Bank Holiday Act to include the Lunar New Year as a holiday.
House Floor Amendment No. 1: Replaces everything after the enacting clause with the provisions of the introduced bill with the following changes. Removes all changes to the Election Code, Illinois Procurement Code, and the Promissory Note and Bank Holiday Act. In the School Code, makes Lunar New Year an optional special holiday (rather than a mandatory legal holiday).
Senate Committee Amendment No. 1: Replaces everything after the enacting clause. Amends the State Commemorative Dates Act. Makes a technical change in a Section concerning the short title.
Senate Floor Amendment No. 3: Replaces everything after the enacting clause. Amends the Property Tax Code. Provides that the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption shall be (i) $75,000 for taxable year 2026, (ii) $77,000 for taxable year 2027, and (iii) $79,000 for taxable year 2028 and thereafter. Provides that no annual tax sale shall be held on or after the effective date of the amendatory Act and before March 10, 2026. Provides that no scavenger sale shall be held on or after the effective date of the amendatory Act and before March 10, 2026. Provides that deadlines for applications for judgment and order of sale are tolled until March 10, 2026. Amends the Senior Citizens Real Estate Tax Deferral Act. Makes changes concerning the maximum household income. Effective immediately.

Statutes affected:
Introduced: 5 ILCS 490/57, 10 ILCS 5/1, 30 ILCS 500/15, 105 ILCS 5/24, 205 ILCS 630/17
Engrossed: 5 ILCS 490/57, 105 ILCS 5/24