IL HB3656 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 15 2019 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if, at the end of any levy year, a taxing district has reserves of 50% or more of its operating budget for that levy year, then, for the next levy year, "extension limitation" means 0% or the rate of increase approved by the voters. Preempts the power of home rule units to tax. Effective immediately.

Tracking Information

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Title

PTELL-RESERVES

Sponsors


History

DateChamberAction
2020-06-23HouseRule 19(b) / Re-referred to Rules Committee
2020-02-20HouseTo Property Tax Subcommittee
2020-02-04HouseAssigned to Revenue & Finance Committee
2019-03-29HouseRule 19(a) / Re-referred to Rules Committee
2019-03-14HouseTo Property Tax Subcommittee
2019-03-05HouseAssigned to Revenue & Finance Committee
2019-02-15HouseReferred to Rules Committee
2019-02-15HouseFirst Reading
2019-02-15HouseFiled with the Clerk by Rep. Fred Crespo

Code Citations

ChapterArticleSectionCitation TypeStatute Text
308058.43New CodeSee Bill Text
3520018-185Amended CodeCitation Text
3520018-205Amended CodeCitation Text
3520018-242New CodeSee Bill Text

Illinois State Sources


Bill Comments

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