IL HB1867

Low-Income Senior Citizens Assessment Freeze Homestead Exemption maximum income limit ($65,000 through 2025) will automatically increase annually starting in taxable year 2026, tied to the Social Security and Supplemental Security Income cost of living adjustment from the preceding calendar year

Department of Revenue must calculate and publish the new maximum income limitation on its website by February 1 of each taxable year when the automatic adjustment takes effect

Energy assistance program eligibility limits under the Energy Assistance Act will be adjusted starting January 1, 2026 to the greater of: 150% of federal poverty level (or 60% of state median income), OR the previous year's limit plus the Social Security/SSI cost of living increase

Both changes index benefit eligibility thresholds to inflation, preventing seniors and low-income households from losing access to property tax relief and energy assistance due to fixed income limits that fail to keep pace with Social Security benefit increases

Effective immediately upon becoming law