HB 2642

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

Prop Tx-Aggregate Extension

Abstract

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the limiting rate shall be calculated using the highest aggregate extension from any year in which the taxing district was subject to the Property Tax Extension Limitation Law (currently, the last 3 preceding levy years). Provides that an aggregate extension established for a levy year in which the taxing district was authorized to temporarily increase its limiting rate or its extension limitation may not be used.

Bill Sponsors (2)

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Oct 27, 2025

House

Added Co-Sponsor Rep. Kevin Schmidt

Mar 21, 2025

House

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

Mar 06, 2025

House

To Tax Policy: Other Taxes Subcommittee

Mar 04, 2025

House

Assigned to Revenue & Finance Committee

Feb 06, 2025

House

Referred to Rules Committee

House

First Reading

Feb 04, 2025

House

Filed with the Clerk by Rep. Martin McLaughlin

Bill Text

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