IL HB1321 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Republican 3)
Status: Introduced on January 14 2025 - 25% progression, died in committee
Action: 2026-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 14 2025 - 25% progression, died in committee
Action: 2026-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
PROP TX-TAX DISTRICT SURPLUS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2026-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2026-03-26 | House | To Finance Subcommittee |
| 2026-02-24 | House | Assigned to Revenue & Finance Committee |
| 2025-03-21 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2025-03-18 | House | Added Co-Sponsor Rep. Kevin Schmidt |
| 2025-02-25 | House | To Finance Subcommittee |
| 2025-02-11 | House | Assigned to Revenue & Finance Committee |
| 2025-01-28 | House | Referred to Rules Committee |
| 2025-01-28 | House | First Reading |
| 2025-01-21 | House | Added Co-Sponsor Rep. Tony M. McCombie |
| 2025-01-14 | House | Filed with the Clerk by Rep. Dan Ugaste |
