Illinois House Bill 4424

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 11 2024 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. In provisions concerning the Historic Residence Assessment Freeze Law, provides that the fair cash value of the property shall be based on the final determination by the assessment officer, board of review, Property Tax Appeal Board, or court. Provides that, after the expiration of the 8-year valuation period, if the current fair cash value is less than the adjusted base year valuation, then the assessment shall be based on the current fair cash value. Provides that the changes are declarative of existing law.

PROP TX-HISTORIC RESIDENCE

Rep. Kelly Burke [D]

Date	Chamber	Action
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
2024-01-16	House	Referred to Rules Committee
2024-01-16	House	First Reading
2024-01-11	House	Filed with the Clerk by Rep. Kelly M. Burke

Chapter	Article	Section	Citation Type	Statute Text
35	200	10-40	Amended Code	Citation Text
35	200	10-50	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4424&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB4424.htm