IL HB2988 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 16 2023 - 25% progression
Action: 2023-02-16 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 16 2023 - 25% progression
Action: 2023-02-16 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Code of Civil Procedure. In a provision concerning actions brought to recover damages for personal injury or wrongful death, changes the amount of prejudgment interest the court shall add to the judgment to an amount calculated at a rate of 5% (instead of 6%) per annum. Effective immediately.
Title
PREJUDGMENT INTEREST-REDUCTION
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-16 | House | Referred to Rules Committee |
| 2023-02-16 | House | First Reading |
| 2023-02-16 | House | Filed with the Clerk by Rep. Patrick Windhorst |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 735 | 5 | 2-1303 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2988&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB2988.htm |
