← All Illinois bills

HB4626Introduced in the House

PROP TX-HOMESTEAD EXEMPTION

IntroducedHouse Rules

Introduced by Joe Sosnowski, District 69

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the amount of the general homestead exemption is the sum of: (i) $10,000 in counties with 3,000,000 or more inhabitants, $8,000 in counties that are contiguous to a county of 3,000,000 or more inhabitants, and $6,000 in all other counties; plus (ii) the difference between the equalized assessed value for the property in the current taxable year and the equalized assessed value for the property in the base year. Effective immediately.

Where it stands

Rule 19(a) / Re-referred to Rules Committee

March 27, 2026

How did lawmakers vote?

No recorded vote is available for this bill yet.

Bill history

  1. Filed with the Clerk by Rep. Joe C. Sosnowski

  2. First Reading

  3. Referred to Rules Committee

  4. Assigned to Revenue & Finance Committee

  5. Rule 19(a) / Re-referred to Rules Committee

Verify the information

Our commitment to neutrality

We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.