IL HB4244

Increases the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption from $65,000 to $80,000 for taxable years 2024 and thereafter.

Defines "exempt family member" as the applicant's son, daughter, stepson, stepdaughter, or their spouses, and excludes such members from the household definition if they reside in the property for less than 12 months during the taxable year (effective for taxable years 2024 and thereafter).

Modifies the income limitation schedule to limit the $65,000 threshold to taxable years 2018-2023, then establishes $80,000 as the maximum income limitation starting in taxable year 2024.