HB 320

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-Ptell Freeze

Abstract

Amends the Property Tax Code. Provides that, beginning with the 2019 levy year, the Property Tax Extension Limitation Law applies to all taxing districts, including home rule units. Provides that, for the 2019 levy year, the limiting rate under the Property Tax Extension Limitation Law shall be calculated by reducing the district's 2016 aggregate extension by 5%. Provides that, for the 2020 levy year, the limiting rate under the Property Tax Extension Limitation Law shall be calculated by reducing the district's 2018 aggregate extension by 10%. Provides that, beginning with the 2021 levy year, the extension limitation is 0%. Preempts home rule. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Bill Sponsors (2)

Votes


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Actions


Jun 23, 2020

House

Rule 19(b) / Re-referred to Rules Committee

Feb 05, 2020

House

To Property Tax Subcommittee

Jan 28, 2020

House

Assigned to Revenue & Finance Committee

Mar 29, 2019

House

Rule 19(a) / Re-referred to Rules Committee

Feb 14, 2019

House

To Property Tax Subcommittee

Feb 05, 2019

House

Assigned to Revenue & Finance Committee

Jan 23, 2019

House

Added Co-Sponsor Rep. Jonathan Carroll

Jan 10, 2019

House

Filed with the Clerk by Rep. David McSweeney

House

Referred to Rules Committee

House

First Reading

Bill Text

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