HB 1321

  • Illinois House Bill
  • 104th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-Tax District Surplus

Abstract

Amends the Property Tax Code. Provides that no taxing district may hold more than 150% of the previous levy year's property tax collections in cash or cash-equivalent assets. Provides that excess amounts shall be refunded to taxpayers. Effective immediately.

Bill Sponsors (3)

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Actions


Mar 21, 2025

House

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

Mar 18, 2025

House

Added Co-Sponsor Rep. Kevin Schmidt

Feb 25, 2025

House

To Finance Subcommittee

Feb 11, 2025

House

Assigned to Revenue & Finance Committee

Jan 28, 2025

House

Referred to Rules Committee

House

First Reading

Jan 21, 2025

House

Added Co-Sponsor Rep. Tony M. McCombie

Jan 14, 2025

House

Filed with the Clerk by Rep. Dan Ugaste

Bill Text

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Sources

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