State Rep. LaToya Greenwood (D-East St. Louis) has introduced a bill designed to help struggling seniors keep a roof over their heads.
House Bill 872, which would amend the state’s property tax code to reduce the taxpayer’s household income by any amounts paid as Medicare, has now been assigned to the House’s Revenue & Finance Committee. Since being filed by Greenwood on Jan. 23, the bill has also garnered the public support of Reps. Mary E. Flowers (D-Chicago), Rita Mayfield (D-Waukegan), Carol Ammons (D-Urbana), Linda Chapa Lavia (D-Aurora) and Katie Stuart (D-Edwardsville).
Details about where the money used to pick up the slack from seniors paying less from their own pocket have not been made public. Greenwood also previously supported a push to expand property tax credits for the state’s most vulnerable residents.
In addition to tax exemptions for seniors, House Bill 156 included an annual exemption of up to $8,000 for all homeowners and even greater deductions for disabled veterans.
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