IL HB3645 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 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 Code. Creates the School District Extension Freeze Law. Provides that, if at the end of any levy year, a school district has reserves of 50% or more of its operating budget, then the school district's extension for all purposes may not exceed its extension for the previous levy year. Provides that, if the school district has reserves of 60% or more at the end of the immediately preceding levy year, then the district's extension shall be reduced by an amount equal to the difference between the district's reserve amount for the immediately preceding levy year and a reserve amount of 60% for that levy year. Effective July 1, 2023.
Title
PROP TX-SCHOOL DISTRICTS
Sponsors
History
Date | Chamber | Action |
---|---|---|
2025-01-07 | House | Session Sine Die |
2024-04-05 | House | Rule 19(a) / Re-referred to Rules Committee |
2024-03-08 | House | To Revenue - Property Tax Subcommittee |
2024-02-28 | House | Assigned to Revenue & Finance Committee |
2024-02-07 | House | Added Chief Co-Sponsor Rep. Michael J. Kelly |
2024-01-30 | House | Added Co-Sponsor Rep. Mark L. Walker |
2023-03-10 | House | Rule 19(a) / Re-referred to Rules Committee |
2023-03-09 | House | To Revenue - Property Tax Subcommittee |
2023-02-28 | House | Assigned to Revenue & Finance Committee |
2023-02-17 | House | Referred to Rules Committee |
2023-02-17 | House | First Reading |
2023-02-17 | House | Filed with the Clerk by Rep. Fred Crespo |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 200 | 18-280 | New Code | See Bill Text |
35 | 200 | 18-285 | New Code | See Bill Text |
35 | 200 | 18-290 | New Code | See Bill Text |
35 | 200 | 18-7 | New Code | See Bill Text |
35 | 200 | 20-15 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3645&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
Text | https://www.ilga.gov/legislation/103/HB/10300HB3645.htm |