HB 4354

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-Extensions

Abstract

Amends the Property Tax Code. Provides that, beginning in taxable year 2024, no taxing district, other than a home rule unit, may levy a tax on any parcel of real property that is more than 105% of the base amount unless (i) the increase is attributable to substantial improvements to the property, (ii) the taxing district did not levy a tax against the property in the previous taxable year, or (iii) the increase is attributable to a special service area. Provides that "base amount" means the tax levied by the taxing district on the subject property in the immediately preceding taxable year, except that, if the property received a homestead exemption in the immediately preceding taxable year and is not eligible for that exemption in the current taxable year, then the base amount shall be the tax that would have been levied by the taxing district on the subject property in the immediately preceding taxable year if the homestead exemption had not been applied. Provides that a taxing district may elect to be exempt from those provisions for one or more taxable years if the exemption is approved by referendum. Effective immediately.

Bill Sponsors (27)

Votes


No votes to display

Actions


Apr 05, 2024

House

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

Mar 14, 2024

House

Added Co-Sponsor Rep. Jed Davis

House

Added Co-Sponsor Rep. Dan Swanson

House

Added Co-Sponsor Rep. Dennis Tipsword, Jr.

House

Added Co-Sponsor Rep. Rita Mayfield

House

Added Co-Sponsor Rep. Dave Vella

House

Added Co-Sponsor Rep. Suzanne M. Ness

House

Added Co-Sponsor Rep. Patrick Windhorst

House

Added Co-Sponsor Rep. Blaine Wilhour

House

Added Co-Sponsor Rep. Wayne A Rosenthal

House

Added Co-Sponsor Rep. Tony M. McCombie

Mar 08, 2024

House

To Revenue - Property Tax Subcommittee

Mar 05, 2024

House

Assigned to Revenue & Finance Committee

Feb 09, 2024

House

Added Co-Sponsor Rep. Brandun Schweizer

Feb 07, 2024

House

Added Co-Sponsor Rep. Christopher "C.D." Davidsmeyer

House

Added Co-Sponsor Rep. Dan Caulkins

House

Added Co-Sponsor Rep. Jason Bunting

House

Added Co-Sponsor Rep. Paul Jacobs

House

Added Co-Sponsor Rep. William E Hauter

House

Added Co-Sponsor Rep. Dave Severin

House

Added Co-Sponsor Rep. Michael J. Coffey, Jr.

House

Added Co-Sponsor Rep. Brad Stephens

House

Added Co-Sponsor Rep. Joe C. Sosnowski

Feb 06, 2024

House

Added Co-Sponsor Rep. Amy L. Grant

House

Added Co-Sponsor Rep. Chris Miller

House

Added Co-Sponsor Rep. Martin McLaughlin

House

Added Co-Sponsor Rep. Tim Ozinga

House

Added Co-Sponsor Rep. Adam M. Niemerg

Feb 01, 2024

House

Added Co-Sponsor Rep. Kevin Schmidt

Jan 16, 2024

House

First Reading

House

Referred to Rules Committee

Jan 04, 2024

House

Filed with the Clerk by Rep. Tom Weber

Bill Text

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Related Documents

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Sources

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