IL HB2530

Amends the Property Tax Code to expand eligibility for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption by allowing unreimbursed medical and dental expenses to be deducted from household income when calculating eligibility

Beginning in taxable year 2026, applicants may subtract medical and dental costs incurred by any household member during the taxable year from their income for purposes of meeting the $65,000 maximum income limitation

The exemption freezes property assessments at a base year value for homeowners age 65 or older who meet income requirements, own and occupy their residence, and are liable for property taxes

Effective immediately upon becoming law