Illinois House Bill 3160 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that, for taxing districts in counties with more than 700,000 inhabitants but fewer than 710,000 inhabitants, the limiting rate under the Property Tax Extension Limitation Law shall be the lesser of (i) the limiting rate as otherwise calculated under that Law or (ii) 2.5 times the median aggregate tax rate for all taxing districts within the county. Amends the Illinois Income Tax Act. Creates an income tax credit for businesses in an amount not to exceed $5,000 for each new full-time employee hired by the taxpayer in calendar year 2017 or 2018 to work at a location in a county with more than 700,000 inhabitants but fewer than 710,000 inhabitants. Provides that, of the $5,000 credit amount, (i) $3,000 is allowed as a credit for the taxable year in which the employee was hired if the employee remains employed by the taxpayer on the last day of the taxable year and (ii) $2,000 is allowed as a credit for the following taxable year if the employee remains employed by the employer on the last day of that taxable year. Effective immediately.

PROP TX-MEDIAN RATE FREEZE

Rep. Sheri Jesiel [R]

Rep. Barbara Wheeler [R]

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2017-03-31	House	Rule 19(a) / Re-referred to Rules Committee
2017-03-09	House	To Property Tax Subcommittee
2017-02-24	House	Added Chief Co-Sponsor Rep. Barbara Wheeler
2017-02-22	House	Assigned to Revenue & Finance Committee
2017-02-09	House	Referred to Rules Committee
2017-02-09	House	First Reading
2017-02-09	House	Filed with the Clerk by Rep. Sheri Jesiel

Chapter	Article	Section	Citation Type	Statute Text
35	200	18-185	Amended Code	Citation Text
35	5	224	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3160&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB3160.htm