IL HB3486 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 17 2023 - 25% progression
Action: 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the School Code. Provides that the State Board of Education shall establish and administer an annual program to award property tax relief grants to school districts in the State. Provides that, in exchange for receiving a grant, the school district's maximum aggregate property tax extension for the taxable year that begins on January 1 of the fiscal year for which the grant is awarded may not exceed a specified maximum aggregate property tax extension. Creates the Education Property Tax Relief Fund for the purpose of making appropriations for the grant program. Amends the State Finance Act to make conforming changes. Effective immediately.

Tracking Information

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Title

SCHOOL CD-PROPERTY TAX RELIEF

Sponsors


History

DateChamberAction
2023-03-10HouseRule 19(a) / Re-referred to Rules Committee
2023-03-09HouseTo Revenue - Property Tax Subcommittee
2023-03-02HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2023-03-02HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker
2023-02-28HouseAssigned to Revenue & Finance Committee
2023-02-17HouseReferred to Rules Committee
2023-02-17HouseFirst Reading
2023-02-17HouseFiled with the Clerk by Rep. Mark L. Walker

Code Citations

ChapterArticleSectionCitation TypeStatute Text
10551A-12New CodeSee Bill Text
301055.990New CodeSee Bill Text

Illinois State Sources


Bill Comments

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