SB 1978 Illinois Senate · 104th Regular Session

PROP TX-CIRCUIT BREAKER

Summary
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.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2025 Last action Dec 3, 2025
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Full legislative history

Actions timeline

Total actions
7
Key actions
0
Committee
1
Feb 6, 2025
Committee
Referred to Assignments
upper
1 primary · 4 co-sponsors

Sponsors