IL HB1360 | 2023-2024 | 103rd General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 3-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Tracking Information

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Title

PROP TX-AGGREGATE EXTENSION

Sponsors


History

DateChamberAction
2025-01-07HouseSession Sine Die
2024-02-08HouseAdded Co-Sponsor Rep. Michael J. Coffey, Jr.
2023-03-10HouseRule 19(a) / Re-referred to Rules Committee
2023-02-23HouseTo Revenue - Property Tax Subcommittee
2023-02-15HouseAssigned to Revenue & Finance Committee
2023-02-01HouseAdded Co-Sponsor Rep. David Friess
2023-01-31HouseReferred to Rules Committee
2023-01-31HouseFirst Reading
2023-01-23HouseFiled with the Clerk by Rep. Martin McLaughlin

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520018-185Amended CodeCitation Text

Illinois State Sources


Bill Comments

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