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Hernandez Backed Property Tax Relief Package Passes House

04/10/2017

SPRINGFIELD, Ill. – State Rep. Elizabeth “Lisa” Hernandez, D-Cicero, member of the Latino Caucus, voted to pass a comprehensive tax relief package out of the House on Thursday, which would lower the property taxes of every Illinois homeowner.

“Working families are not only being burdened by the governor’s inability to compromise and pass a balanced budget but also by rising property taxes,” Hernandez said. “I voted to lower property taxes for all homeowners because taxes are so high that some families have no other choice than to pull their kids out of school and leave Illinois.”

Hernandez is a cosponsor of House Bill 156 and voted to pass the comprehensive property tax relief measure out of the House last Thursday. The bill would provide homeowners with relief above and beyond the freeze discussed by the governor, by increasing the value of key property tax exemptions that help homeowners reduce the taxable value of their homes and cut their taxes. Beginning in 2018:
All homeowners would be eligible for an annual $8,000 exemption on their primary residence;
Seniors on fixed incomes would see lower property tax bills, as an exemption for homeowners over the age of 65 would increase from $5,000 to $6,000 annually;
More veterans would be able to receive property tax relief, as returning service members certified 20-30 percent disabled who are currently ineligible for property tax relief would be provided a $2,500 annual exemption. All veterans over the age of 75 would be able to receive a $2,500 exemption as well.

The bill also creates a new property tax freeze for disabled homeowners receiving Supplemental Security Income from the federal government, and expands tax credits provided to long-term homeowners.

“On days like these, I am reminded of the kind of things we can accomplish when we put everything aside and simply work together for the good of all Illinois residents,” Hernandez said. “With the costs of everything from healthcare to education rising, I am happy we were able to pass this landmark tax relief package that will make sure the residents I represent are able to grow here and succeed.”

The Hernandez backed bill received bipartisan support in the House, and now heads to the Senate for consideration.

State Rep. Elizabeth “Lisa” Hernandez is a member of the Illinois Legislative Latino Caucus and represents the 24th District, which includes Cicero, Little Village, Berwyn, Brookfield, Riverside, and Stickney.

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