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SB3174 • 2026
PROP TX-30-YEAR HOMESTEAD
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.
PROP TX-30-YEAR HOMESTEAD
Filed with Secretary by Sen. Neil Anderson
First Reading
Referred to Assignments
PROP TX-30-YEAR HOMESTEAD
Illinois General Assembly - Full Text of SB3174 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 SB3174 Home Legislation Full Text SB3174 - 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 SB3174 Introduced 2/2/2026, by Sen. Neil Anderson SYNOPSIS AS INTRODUCED: 35 ILCS 200/15-177.1 new 30 ILCS 805/8.50 new Amends the Property Tax Code. Establishes a homestead exemption for qualified homestead property that has been continuously owned, used, and occupied as the primary residence by the qualified taxpayer for at least 30 years prior to January 1 of the taxable year for which the exemption would apply. Requires taxpayers who have been granted an exemption to reapply on an annual basis. Provides that the assessor or chief county assessment officer may determine the eligibility of residential property to receive the homestead exemption by application, visual inspection, questionnaire, or other reasonable methods. Sets forth provisions concerning the review of exemptions granted under the provisions. Defines "qualified homestead property" and "qualified taxpayer". Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. LRB104 19320 HLH 32766 b STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY A BILL FOR SB3174 LRB104 19320 HLH 32766 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 Property Tax Code is amended by adding 5 Section 15-177.1 as follows: 6 (35 ILCS 200/15-177.1 new) 7 Sec. 15-177.1. The 30-year property homestead exemption. 8 (a) Notwithstanding any other provision of law, in taxable 9 year 2026 and each taxable year thereafter, qualified 10 homestead property that has been continuously owned, used, and 11 occupied as the primary residence by a qualified taxpayer for 12 at least 30 years any time prior to January 1 of the taxable 13 year for which the exemption would apply is exempt from 14 taxation under this Code. 15 (b) Each taxpayer who has been granted an exemption under 16 this Section must reapply on an annual basis. The applications 17 shall be clearly marked as applications for the 30-year 18 property homestead exemption. The assessor or chief county 19 assessment officer shall annually give notice of the 20 application period by mail or by publication. Application must 21 be made during the application period in effect for the county 22 in which the property is located. The assessor or chief county 23 assessment officer may determine the eligibility of SB3174 - 2 - LRB104 19320 HLH 32766 b 1 residential property to receive the homestead exemption 2 provided by this Section by application, visual inspection, 3 questionnaire, or other reasonable methods, including the 4 requirement for additional documentation from the applicant. 5 The assessor or chief county assessment officer may enter into 6 intergovernmental agreements with other governmental entities 7 to establish information sharing agreements for the purpose of 8 verifying applications made under this Section. The chief 9 county assessment official shall conduct, by no later than 10 December 31 of the first year of each reassessment cycle, as 11 determined by Section 9-215 or Section 9-220, whichever 12 applies, a review of all exemptions granted under this Section 13 for the preceding reassessment cycle. The review shall be 14 designed to ascertain whether any 30-year property homestead 15 exemptions have been granted erroneously. 16 (c) As used in this Section: 17 "Qualified homestead property" means real property located 18 in the State that has been granted an exemption under this 19 Section and that, as of January 1 of the taxable year: 20 (1) is residential property that is owned and occupied 21 by a qualified taxpayer as the qualified taxpayer's 22 principal residence and domicile; or 23 (2) contains a single-family residence that is 24 occupied as a principal residence and domicile by a 25 qualified taxpayer who has a legal or equitable interest 26 in the property as a lessee, as evidenced by a written SB3174 - 3 - LRB104 19320 HLH 32766 b 1 instrument, and on which the qualified taxpayer is liable 2 for the payment of property taxes. 3 "Qualified taxpayer" means an individual who, for at 4 least 30 continuous years as of January 1 of the taxable 5 year, has occupied the same homestead property as a 6 principal residence and domicile. 7 Section 90. The State Mandates Act is amended by adding 8 Section 8.50 as follows: 9 (30 ILCS 805/8.50 new) 10 Sec. 8.50. Exempt mandate. Notwithstanding Sections 6 and 11 8 of this Act, no reimbursement by the State is required for 12 the implementation of any mandate created by this amendatory 13 Act of the 104th General Assembly. 14 Section 99. Effective date. This Act takes effect upon 15 becoming law. 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. 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