Amends the Property Tax Code. Provides that for taxable year 2020, the maximum income limitation under the senior citizens assessment freeze homestead exemption is $75,000 for counties with 3,000,000 or more inhabitants (currently, $65,000). Provides that, for taxable year 2021 and thereafter, the maximum income limitation under the senior citizens assessment freeze homestead exemption is $75,000 for all counties (currently, $65,000). Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that the income limitation is $75,000 for tax year 2019 and thereafter. Effective immediately.

Statutes affected:
Introduced: 35 ILCS 200/15, 320 ILCS 30/2
Engrossed: 35 ILCS 200/15, 320 ILCS 30/2
Enrolled: 320 ILCS 30/2, 320 ILCS 30/3
Public Act: 320 ILCS 30/2, 320 ILCS 30/3