HB 4716

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

Prop Tx-Assessment Limit

Abstract

Amends the Property Tax Code. Provides that, in all counties, any change in assessment resulting from reassessment in the general assessment year shall not exceed the lesser of the following: (1) 3% of the assessed value of the property for the prior year; or (2) the percentage change in the Consumer Price Index during the 12-month calendar year preceding the assessment year. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately.

Bill Sponsors (28)

Votes


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Actions


Apr 18, 2024

House

Added Chief Co-Sponsor Rep. Patrick Sheehan

Apr 05, 2024

House

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

Mar 14, 2024

House

Added Co-Sponsor Rep. Steven Reick

House

Added Co-Sponsor Rep. Patrick Windhorst

House

Added Co-Sponsor Rep. Dennis Tipsword, Jr.

House

Added Co-Sponsor Rep. Dave Vella

House

Added Co-Sponsor Rep. Rita Mayfield

House

Added Co-Sponsor Rep. Jed Davis

House

Added Co-Sponsor Rep. Blaine Wilhour

House

Added Co-Sponsor Rep. Wayne A Rosenthal

House

Added Co-Sponsor Rep. Dan Swanson

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. Paul Jacobs

House

Added Co-Sponsor Rep. Jason Bunting

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

First Reading

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. Kevin Schmidt

House

Added Co-Sponsor Rep. Adam M. Niemerg

House

Referred to Rules Committee

Feb 02, 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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