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HB1495 • 2026
REVENUE-PROP TAX RELIEF
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
REVENUE-PROP TAX RELIEF
Rule 19(a) / Re-referred to Rules Committee
To Tax Policy: Other Taxes Subcommittee
Assigned to Revenue & Finance Committee
Added Co-Sponsor Rep. Kevin Schmidt
Added Co-Sponsor Rep. Dennis Tipsword
Rule 19(a) / Re-referred to Rules Committee
To Tax Policy: Other Taxes Subcommittee
Added Chief Co-Sponsor Rep. Martin McLaughlin
Added Chief Co-Sponsor Rep. Blaine Wilhour
Added Co-Sponsor Rep. John M. Cabello
Added Co-Sponsor Rep. Bradley Fritts
Added Co-Sponsor Rep. Nicole La Ha
Added Co-Sponsor Rep. Adam M. Niemerg
Added Co-Sponsor Rep. David Friess
Added Co-Sponsor Rep. Chris Miller
Added Co-Sponsor Rep. Kyle Moore
Added Co-Sponsor Rep. Amy L. Grant
Assigned to Revenue & Finance Committee
Added Co-Sponsor Rep. Michael J. Coffey, Jr.
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Brad Halbrook
REVENUE-PROP TAX RELIEF
Illinois General Assembly - Full Text of HB1495 Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. 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Full Text of HB1495 Home Legislation Full Text HB1495 - 104th General Assembly Bill Status Full Text Votes Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Printer Friendly Version Introduced Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1495 Introduced 1/28/2025, by Rep. Brad Halbrook SYNOPSIS AS INTRODUCED: 20 ILCS 2505/2505-835 new 30 ILCS 105/5.1030 new Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue shall establish and administer a property tax relief pilot program. Provides that eligible homeowners shall receive a one-time direct relief payment in an amount equal to a percentage, determined by the Department by rule, of the eligible homeowner's property tax liability for the 2025 tax year. Requires the Department of Revenue to submit a report in connection with the Program to the Governor and the General Assembly. Creates the Property Tax Relief Program Fund of 2026. Provides that moneys in the Fund shall be used by the Department for the purpose of making property tax relief payments. Amends the State Finance Act to make conforming changes. LRB104 06533 HLH 16569 b A BILL FOR HB1495 LRB104 06533 HLH 16569 b 1 AN ACT concerning revenue. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Department of Revenue Law of the Civil 5 Administrative Code of Illinois is amended by adding Section 6 2505-835 as follows: 7 (20 ILCS 2505/2505-835 new) 8 Sec. 2505-835. Property Tax Relief Pilot Program. 9 (a) Subject to appropriation, the Department shall 10 establish and administer a property tax relief pilot program. 11 Under the pilot program, eligible homeowners shall receive a 12 one-time direct relief payment in an amount equal to a 13 percentage, determined by the Department by rule, of the 14 eligible homeowner's property tax liability for the 2025 tax 15 year. Only one payment shall be made for each parcel of 16 qualifying property. Payments under this Section shall be 17 disbursed to eligible homeowners no later than December 31, 18 2026. The Department may provide by rule that any surplus 19 moneys remaining in the Property Tax Relief Program Fund of 20 2026 shall be distributed to eligible homeowners who are 21 members of low-income households. The Department, in 22 consultation with the State Comptroller, shall adopt rules 23 concerning the payment amount and the distribution of the HB1495 - 2 - LRB104 06533 HLH 16569 b 1 payments under this Section. 2 (b) In order to qualify for a payment under this Section: 3 (1) the qualifying property must be classified as 4 residential on January 1, 2025 and on January 1, 2026; 5 (2) the eligible homeowner must be liable for the 6 payment of property taxes on the qualifying property for 7 the 2025 taxable year; and 8 (3) the eligible homeowner must apply to the 9 Department for a payment under this Section no later than 10 August 31, 2026. 11 (c) The Department shall submit a report in connection 12 with the program under this Section to the Governor and the 13 General Assembly. The report shall be submitted no later than 14 September 1, 2027. The report shall include a summary of the 15 number of payments distributed under this Section, the total 16 dollar amount of payments distributed under this Section by 17 household market value, and any recommendations for future 18 property tax relief. 19 (d) The Property Tax Relief Program Fund of 2026 is hereby 20 created as a special fund in the State treasury. Moneys in the 21 Fund shall be used by the Department for the purpose of making 22 payments under this Section. On July 1, 2026, or as soon 23 thereafter as possible, the State Comptroller shall order 24 transferred and the State Treasurer shall transfer from the 25 General Revenue Fund to the Property Tax Relief Program Fund 26 of 2026 the amount of $6,000,000,000. HB1495 - 3 - LRB104 06533 HLH 16569 b 1 (e) As used in this Section: 2 "Department" means the Department of Revenue. 3 "Direct relief payment" means a payment made from the 4 Property Tax Relief Program Fund of 2026 to an eligible 5 homeowner under this Section. 6 "Eligible homeowner" means a person who (i) owns 7 qualifying property in the State as of January 1, 2025 or (ii) 8 as of January 1, 2025, has a leasehold interest in qualifying 9 property in the State on which a single family residence is 10 situated that is occupied as a residence by an eligible 11 homeowner who has a legal or equitable interest in that 12 property, as evidenced by a written instrument, as an owner or 13 as a lessee, and on which the eligible homeowner is liable for 14 the payment of property taxes. 15 "Homestead property" has the meaning given to that term in 16 Section 15-175 of the Property Tax Code. 17 "Qualifying property" means homestead property that, as of 18 January 1, 2025, is occupied by an eligible homeowner as the 19 eligible homeowner's principal dwelling place. 20 (f) This Section is repealed on January 1, 2028. 21 Section 10. The State Finance Act is amended by adding 22 Section 5.1030 as follows: 23 (30 ILCS 105/5.1030 new) 24 Sec. 5.1030. The Property Tax Relief Program Fund of 2026. Footer Disclaimer This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. By continuing to browse ILGA.gov you consent to our use of cookies. Read About Cookies ILGA.GOV 2026 ILGA.gov | All Rights Reserved | ADA | Disclaimers | Learn This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. By continuing to browse ILGA.gov you consent to our use of cookies. Read About Cookies ILGA.GOV 2026 ILGA.gov | All Rights Reserved | ADA | Disclaimers | Learn