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HB 5433

Illinois House•In House Committee

Summary

HB 5433, “PROP TX-CIRCUIT BREAKER”, was introduced in the House on Feb 6, 2026 by Rep. Justin Slaughter (D). It was referred to Rules, and last saw action on Mar 27, 2026: Rule 19(a) / Re-referred to Rules Committee.

Record

Text

HB 5433 has no co-sponsors and has not gone to a roll call.

hb5433/introduced.txt
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Full Text of HB5433
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	HB5433 - 104th General Assembly
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104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB5433
Introduced 2/13/2026, by Rep. Justin Slaughter
SYNOPSIS AS INTRODUCED:
New Act
30 ILCS 105/5.1038 new
Creates the Circuit Breaker Property Tax Relief Act. Provides that an individual: (i) who is domiciled in this State; (ii) who is eligible for and receives either the general homestead exemption or the general alternative homestead exemption; (iii) who has experienced property tax bill spikes; and (iv) who has an income that meets a specified income eligibility limitation is eligible for a grant of a portion of the person's property tax bill spike. Provides that the maximum amount of grant to which a claimant is entitled is 50% of the claimant's tax bill spike. Creates the Circuit Breaker Property Tax Relief Fund for the purpose of making grants to claimants. Amends the State Finance Act to make conforming changes. Effective immediately.
LRB104 19655 HLH 33104 b
A BILL FOR
		HB5433		LRB104 19655 HLH 33104 b
    AN ACT concerning revenue.
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
    Section 1. Short title. This Act may be cited as the
Circuit Breaker Property Tax Relief Act.
    Section 5. Purpose. The purpose of this Act is to assist
homeowners in this State to retain private housing of their
choice, to relieve those residents from the burdens of
extraordinary property tax spikes, and to preserve the
character and unique qualities of the neighborhoods in which
they live.
    Section 10. Definitions. As used in this Act, unless the
context otherwise requires, words and phrases have the
following meanings.
    "Claimant" means a homeowner who has filed a claim for a
circuit breaker property tax relief grant under this Act.
    "Claim year" means the calendar year prior to the period
of time during which a claimant may file an application for
benefits under this Act.
    "Department" means the Department of Revenue.
    "Federal poverty level" means the federal poverty income
guidelines as determined annually by the United States
		HB5433	- 2 -	LRB104 19655 HLH 33104 b
Department of Health and Human Services and updated
periodically in the Federal Register by that Department under
the authority of 42 U.S.C. 9902(2).
    "Household" means a claimant or a claimant and his or her
spouse, if any, living together in the same residence. An
additional resident may be counted in determining household
size.
    "Household income" means the combined income of the
members of a household.
    "Income" means adjusted gross income, properly reportable
for federal income tax purposes under the provisions of the
Internal Revenue Code, modified by adding thereto the sum of
the following amounts to the extent deducted or excluded from
gross income in the computation of adjusted gross income:
        (1) An amount equal to all amounts paid or accrued as
    interest or dividends during the taxable year;
        (2) An amount equal to the amount of tax imposed by the
    Illinois Income Tax Act paid for the taxable year;
        (3) An amount equal to all amounts received during the
    taxable year as an annuity under an annuity, endowment or
    life insurance contract or under any other contract or
    agreement;
        (4) An amount equal to the amount of benefits paid
    under the Federal Social Security Act during the taxable
    year;
        (5) An amount equal to the amount of benefits paid
		HB5433	- 3 -	LRB104 19655 HLH 33104 b
    under the Railroad Retirement Act during the taxable year;
        (6) An amount equal to the total amount of cash public
    assistance payments received from any governmental agency
    during the taxable year other than benefits received
    pursuant to this Act;
        (7) An amount equal to any net operating loss
    carryover deduction or capital loss carryover deduction
    during the taxable year; and
        (8) An amount equal to any benefits received under the
    Workers' Compensation Act or the Workers' Occupational
    Diseases Act during the taxable year.
    "Income" does not include any distributions or items of
income described under subparagraph (X) of paragraph (2) of
subsection (a) of Section 203 of the Illinois Income Tax Act.
    "Income eligibility limitation" means a household income
not to exceed 4 times the federal poverty level for the
household size. As an alternative income valuation, a
homeowner who is enrolled in any of the following programs may
be presumed to have household income that does not exceed the
maximum income limitation for that tax year as required by
this Section: Aid to the Aged, Blind or Disabled (AABD)
Program or the Supplemental Nutrition Assistance Program
(SNAP), both of which are administered by the Department of
Human Services; the Low Income Home Energy Assistance Program
(LIHEAP), which is administered by the Department of Commerce
and Economic Opportunity; The Benefit Access program, which is
		HB5433	- 4 -	LRB104 19655 HLH 33104 b
administered by the Department on Aging; and the Senior
Citizens Real Estate Tax Deferral Program.
    "Internal Revenue Code" means the United States Internal
Revenue Code of 1986 or any successor law or laws relating to
federal income taxes in effect for the year.
    "Property taxes accrued" means the ad valorem property
taxes levied against a residence, but does not include special
assessments, interest, or charges for service. In the case of
real estate improved with a multi-dwelling or multipurpose
building, "property taxes accrued" means property taxes levied
against a residence within such a building in an amount equal
to the same percentage of the total property taxes levied
against that real estate as improved as the value of the
residence is to the total value of the building. If the
building is a condominium, the percentage shall be that set
forth for each residence in the condominium declaration. If
the multi-dwelling building is owned and operated as a
cooperative, the value of an individual residence is the value
of the interest in the cooperative held by the owner of record
of the legal or equitable interest, other than a leasehold
interest, in the cooperative which confers the right to occupy
that residence. In determining the amount of the grant under
Section 20, the applicable "property taxes accrued", as
determined under this Section, are those due and owing for the
last preceding taxable year.
    In addition, if the residence is a mobile home as defined
		HB5433	- 5 -	LRB104 19655 HLH 33104 b
in and subject to the tax imposed by the Mobile Home Local
Services Tax Act, "property taxes accrued" includes the amount
of privilege tax paid during the calendar year for which
benefits are claimed under that Act on that mobile home. If (i)
the residence is a mobile home, (ii) the resident is the record
owner of the property upon which the mobile home is located,
and (iii) the resident is liable for the taxes imposed under
the Property Tax Code for both the mobile home and the
property, then "property taxes accrued" includes the amount of
property taxes paid on both the mobile home and the property
upon which the mobile home is located.
    "Property tax bill spike" means that the home:
        (1) has not been improved other than by routine
    maintenance;
        (2) has been classed the same way since the year prior
    to the last reassessment preceding 2022;
        (3) has had the same owner since the year prior to the
    last reassessment preceding 2022 or was inherited from the
    same owner; and
        (4) has had accrued property taxes for the property
    grow at least 25% year over year in any single year since
    the year prior to the last reassessment preceding 2022,
    for counties of 250,000 or more residents, or 20% year
    over year in any single year since the year prior to the
    last reassessment preceding 2022, for any other county.
    "Property tax bill spike" does not include a tax bill
		HB5433	- 6 -	LRB104 19655 HLH 33104 b
increase of $500 or less.
    "Residence" means the principal dwelling place occupied in
this State by a household and so much of the surrounding land
as is reasonably necessary for use of the dwelling as a home,
and includes rental residential property owned by the occupant
within a multipurpose building. If the assessor has
established a specific legal description for a portion of
property constituting the residence, then that portion of
property shall be deemed "residence" for the purposes of this
Act.
    "Taxable year" means the calendar year during which ad
valorem property taxes payable in the next succeeding calendar
year were levied.
    Section 15. Circuit Breaker Property Tax Relief Fund.
    (a) There is created in the State treasury a Circuit
Breaker Property Tax Relief Fund.
    (b) The Circuit Breaker Property Tax Relief Fund may
accept funds from the State and from other entities. Once
grants have been paid, any remaining funds shall be returned
first to the State and then to other entities that may have
contributed funds. Other entities that contribute funds may
elect to leave funds in the Circuit Breaker Property Tax
Relief Fund for payments related to subsequent tax years.
    (c) Payments from the Circuit Breaker Property Tax Relief
Fund on behalf of or for the benefit of claimants shall be made
		HB5433	- 7 -	LRB104 19655 HLH 33104 b
to coincide as closely as possible with the final installment
of property tax bills and may be issued directly to local
taxing bodies on behalf of the claimant, provided that the
property tax bill for claimants is reduced by the amount of
their claim, whether through an abatement or other means.
    Section 20. Amount of grant.
    (a) Any individual who is domiciled in this State is
eligible for and receives either a general homestead exemption
under Section 15-175 of the Property Tax Code or a general
alternative homestead exemption under Section 15-176 of the
Property Tax Code, has experienced property tax bill spikes,
and has an income that meets the income eligibility limitation
is eligible for a grant of a portion of their bill spike.
    (b) Except as otherwise provided in this Act, the maximum
amount of grant to which a claimant is entitled is 50% of the
claimant's tax bill spike.
    (c) If title to the residence is held jointly by the
claimant with a person who is not a member of his or her
household, the amount of property taxes accrued used in
computing the amount of grant to which he or she is entitled
shall be the same percentage of property taxes accrued as is
the percentage of ownership held by the claimant in the
residence.
    Section 25. Application.
		HB5433	- 8 -	LRB104 19655 HLH 33104 b
    (a) The Chief County Assessment Officer shall establish
the content, required eligibility and identification
information, use of social security numbers, and manner of
applying for benefits in a simplified format under this Act.
    (b) Applications for grants under this Act shall be filed
online.
    (c) Applications must be filed during the time period
prescribed by the Chief County Assessment Officer.
    Section 30. Procedure.
    (a) Claims must be filed after January 1 on forms
prescribed by the Chief County Assessment Officer. No claim
may be filed more than one year after December 31 of the tax
year for which the claim is filed.
    (b) The right to file a claim under this Act shall be
personal to the claimant and shall not survive his death, but
such right may be exercised on behalf of a claimant by his
legal guardian or attorney-in-fact. If a claimant dies after
having filed a timely claim, the amount thereof shall be
disbursed on behalf of a person who inherited title to the
house, provided that such person resided with the claimant at
the time he or she filed the claim.
    (c) Only one member of a household may file a claim under
this Act in any calendar year. If both members of a household
are otherwise entitled to claim a grant under this Act, they
must agree as to which of them will file a claim for that year.
		HB5433	- 9 -	LRB104 19655 HLH 33104 b
    (d) A person may not under any circumstances charge a fee
to a claimant under this Act for assistance in completing an
application form for a property tax relief grant under this
Act.
    Section 35. Administration.
    (a) Upon receipt of a timely filed claim, the Chief County
Assessment Officer shall determine whether the claimant is a
person entitled to a grant under this Act and the amount of
grant to which he is entitled under this Act. The Chief County
Assessment Officer may require the claimant to furnish
reasonable proof of the statements of domicile, household
income, property taxes accrued and other matters on which
entitlement is based, and may withhold approval of a grant
until such additional proof is furnished. If the Chief County
Assessment Officer provides such information from other
records available to them, the claimant may rebut or augment
such information.
    (b) The Chief County Assessment Officer shall deny claims
which have been fraudulently prepared or when he or she finds
that the claimant has acquired title to his residence or has
paid rent for his residence primarily for the purpose of
receiving a grant under this Act.
    (c) Upon request, the Comptroller shall transfer funds
from the fund to be held by the county for payment on behalf of
homeowners. In the first year that a county requests funds,
		HB5433	- 10 -	LRB104 19655 HLH 33104 b
the Comptroller shall transfer, from funds available in the
fund, $10 per residential parcel in the county to be held in
the county. To the extent that funds are received from a
County, those funds may be transferred only to be used in that
county. A county may request additional funds with a showing
of greater eligibility. In a subsequent year, the Comptroller
shall transfer sufficient funds such that, together with
unused funds retained from a prior year, the county is holding
the greater of $10 per residential parcel or the amount needed
for the immediately prior year. To the extent that the
Comptroller is required to transfer funds, the transfer shall
occur, if possible, at least 15 days before the date when the
final installment tax bills are scheduled to be mailed under
Article 21 of this Code. Any funds not used as provided in this
Act shall be returned to the Fund after 3 years.
    Section 40. Payment and denial of claims.
    (a) In general. The Fund shall make payments, from
appropriations made for that purpose of grants to claimants
under this Act and from other entities, in the amounts to which
the Chief County Assessment Officer has determined they are
entitled, respectively. If a claim is denied, the Chief County
Assessment Officer shall cause written notice of that denial
and the reasons for that denial to be sent to the claimant.
    (b) Payment of claims one dollar and under. Where the
amount of the grant computed under Section 20 is less than one
		HB5433	- 11 -	LRB104 19655 HLH 33104 b
dollar, the claimant shall receive one dollar.
    (c) Right to appeal. Any person aggrieved by an action or
determination arising under this Act may request in writing
reconsideration of that action or determination, setting out
the facts upon which the request is based.
    Section 45. Fraud; error.
    (a) Any person who files a fraudulent claim for a grant
under this Act, who for compensation prepares a claim for a
grant and knowingly enters false information on an application
for any claimant under this Act, who fraudulently files
multiple applications, or who files a fraudulent request for
payment is guilty of a Class 4 felony for the first offense and
is guilty of a Class 3 felony for each subsequent offense.
    (b) The Department may recover from a claimant any amount
paid to that claimant under this Act on account of an erroneous
or fraudulent claim, together with 6% interest per year.
Amounts recoverable from a claimant by the Department under
this Act may, but need not, be recovered by offsetting the
amount owed against any future grant payable to the person
under this Act.
    (c) A prosecution for a violation of this Section may be
commenced at any time within 3 years of the commission of that
violation.
    Section 50. Arrangements. No inference, implication, or
		HB5433	- 12 -	LRB104 19655 HLH 33104 b
presumption of legislative construction shall be drawn or made
by reason of the location or grouping of any particular
Section or provision of this Act.
    Section 55. Severability. If any clause, sentence,
Section, provision or part of this Act or the application
thereof to any person or circumstance shall be adjudged to be
unconstitutional, the remainder of this Act or its application
to persons or circumstances other than those to which it is
held invalid, shall not be affected thereby.
    Section 60. Rules.
    (a) Notwithstanding any other provision to the contrary,
the Chief County Assessment Officer may adopt rules regarding
applications, proof of eligibility, required identification
information, use of social security numbers, and counting of
income.
    (b) The Chief County Assessment Officer may, subject to
appropriations made for that purpose:
        (1) attempt to secure the cooperation of appropriate
    federal, State and local agencies in securing the names
    and addresses of persons to whom this Act pertains;
        (2) prepare a mailing list of persons eligible for
    grants under this Act; and
        (3) secure the cooperation of the Department of
    Revenue, other State agencies, local business
		HB5433	- 13 -	LRB104 19655 HLH 33104 b
    establishments, and interest groups to educate the public
    about the application process under this Act to those
    eligible to file claims.
    Section 900. The State Finance Act is amended by adding
Section 5.1038 as follows:
    (30 ILCS 105/5.1038 new)
    Sec. 5.1038. The Circuit Breaker Property Tax Relief Fund.
    Section 999. Effective date. This Act takes effect upon
becoming law.

Creates the Circuit Breaker Property Tax Relief Act. Provides that an individual: (i) who is domiciled in this State; (ii) who is eligible for and receives either the general homestead exemption or the general alternative homestead exemption; (iii) who has experienced property tax bill spikes; and (iv) who has an income that meets a specified income eligibility limitation is eligible for a grant of a portion of the person's property tax bill spike. Provides that the maximum amount of grant to which a claimant is entitled is 50% of the claimant's tax bill spike. Creates the Circuit Breaker Property Tax Relief Fund for the purpose of making grants to claimants. Amends the State Finance Act to make conforming changes. Effective immediately.

Sponsors

Rep. Justin Slaughter (D) sponsors HB 5433 alone.

Committees

HB 5433 went before 2 committees: Rules and Revenue & Finance.

Rules
Rules
Referred to · Feb 13, 2026 · 5,290 Bills
Revenue & Finance
Revenue & Finance
Referred to · Mar 12, 2026

History

HB 5433 has taken 5 actions since Feb 6, 2026, the latest on Mar 27, 2026.

ChamberAction
Mar 27, 2026
House
Rule 19(a) / Re-referred to Rules Committee
Mar 12, 2026
House
Assigned to Revenue & Finance Committee
Feb 13, 2026
House
First Reading
Feb 13, 2026
House
Referred to Rules Committee
Feb 6, 2026
House
Filed with the Clerk by Rep. Justin Slaughter

Votes

HB 5433 has not gone to a roll call.

Source: ilga.gov · legiscan.com