HB 1414

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

Prop Tx-Abatements

Abstract

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if a taxing district grants a property tax abatement for a defined period of time measured in levy years, then, for the first levy year after the expiration of the abatement, the district's aggregate extension base shall be the taxing district's last preceding aggregate extension, subject to certain adjustments, plus the amount of the expired abatement for the previous levy year. Effective immediately.

Bill Sponsors (1)

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Actions


Mar 21, 2025

House

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

Mar 03, 2025

House

To Property Tax Subcommittee

Feb 18, 2025

House

Assigned to Revenue & Finance Committee

Jan 28, 2025

House

First Reading

House

Referred to Rules Committee

Jan 16, 2025

House

Filed with the Clerk by Rep. Christopher "C.D." Davidsmeyer

Bill Text

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