HB 3724

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

Prop Tx-General Homestead

Abstract

Amends the Property Tax Code. Provides that, beginning with the 2026 tax year (to be collected in 2027), the total tax bill for property receiving the General Homestead Exemption may not exceed 103% of the total property tax bill for the property for the immediately preceding taxable year. Contains provisions concerning the reallocation of property tax liability.

Bill Sponsors (4)

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Aug 14, 2025

House

Added Co-Sponsor Rep. Brad Stephens

Jun 10, 2025

House

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

Mar 21, 2025

House

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

Mar 18, 2025

House

Added Co-Sponsor Rep. Kevin Schmidt

Mar 13, 2025

House

To Tax Policy: Other Taxes Subcommittee

Mar 11, 2025

House

Assigned to Revenue & Finance Committee

Feb 18, 2025

House

Referred to Rules Committee

House

First Reading

Feb 07, 2025

House

Filed with the Clerk by Rep. Joe C. Sosnowski

Bill Text

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Sources

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