IL HB0673

Increases the maximum income limitation for the Senior Citizens Assessment Freeze Homestead Exemption from $65,000 to $85,000 for taxable years 2021 and thereafter.

Changes the income threshold period from "2018 and thereafter" to "2018 through 2020" at $65,000, with the new $85,000 threshold beginning in taxable year 2021.

Applies to all qualified properties statewide, allowing more senior homeowners to qualify for the assessment freeze exemption based on household income.

Takes effect immediately upon becoming law.