Illinois House Bill 4716

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Spectrum: Strong Partisan Bill (Republican 26-2)
Status: Introduced on February 2 2024 - 25% progression
Action: 2024-04-18 - Added Chief Co-Sponsor Rep. Patrick Sheehan
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that, in all counties, any change in assessment resulting from reassessment in the general assessment year shall not exceed the lesser of the following: (1) 3% of the assessed value of the property for the prior year; or (2) the percentage change in the Consumer Price Index during the 12-month calendar year preceding the assessment year. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately.

PROP TX-ASSESSMENT LIMIT

Rep. Tom Weber [R]	Rep. Patrick Sheehan [R]	Rep. Adam Niemerg [R]	Rep. Kevin Schmidt [R]
Rep. Tim Ozinga [R]	Rep. Martin McLaughlin [R]	Rep. Chris Miller [R]	Rep. Amy Grant [R]
Rep. Dan Caulkins [R]	Rep. Paul Jacobs [R]	Rep. Jason Bunting [R]	Rep. William Hauter [R]
Rep. Dave Severin [R]	Rep. Mike Coffey [R]	Rep. Bradley Stephens [R]	Rep. Christopher Davidsmeyer [R]
Rep. Joe Sosnowski [R]	Rep. Brandun Schweizer [R]	Rep. Blaine Wilhour [R]	Rep. Wayne Rosenthal [R]
Rep. Daniel Swanson [R]	Rep. Dennis Tipsword [R]	Rep. Steven Reick [R]	Rep. Jed Davis [R]
Rep. Patrick Windhorst [R]	Rep. Rita Mayfield [D]	Rep. Dave Vella [D]	Rep. Tony McCombie [R]

Date	Chamber	Action
2024-04-18	House	Added Chief Co-Sponsor Rep. Patrick Sheehan
2024-04-05	House	Rule 19(a) / Re-referred to Rules Committee
2024-03-14	House	Added Co-Sponsor Rep. Tony M. McCombie
2024-03-14	House	Added Co-Sponsor Rep. Dave Vella
2024-03-14	House	Added Co-Sponsor Rep. Rita Mayfield
2024-03-14	House	Added Co-Sponsor Rep. Patrick Windhorst
2024-03-14	House	Added Co-Sponsor Rep. Jed Davis
2024-03-14	House	Added Co-Sponsor Rep. Steven Reick
2024-03-14	House	Added Co-Sponsor Rep. Dennis Tipsword, Jr.
2024-03-14	House	Added Co-Sponsor Rep. Dan Swanson
2024-03-14	House	Added Co-Sponsor Rep. Wayne A Rosenthal
2024-03-14	House	Added Co-Sponsor Rep. Blaine Wilhour
2024-03-08	House	To Revenue - Property Tax Subcommittee
2024-03-05	House	Assigned to Revenue & Finance Committee
2024-02-09	House	Added Co-Sponsor Rep. Brandun Schweizer
2024-02-07	House	Added Co-Sponsor Rep. Joe C. Sosnowski
2024-02-07	House	Added Co-Sponsor Rep. Christopher "C.D." Davidsmeyer
2024-02-07	House	Added Co-Sponsor Rep. Brad Stephens
2024-02-07	House	Added Co-Sponsor Rep. Michael J. Coffey, Jr.
2024-02-07	House	Added Co-Sponsor Rep. Dave Severin
2024-02-07	House	Added Co-Sponsor Rep. William E Hauter
2024-02-07	House	Added Co-Sponsor Rep. Jason Bunting
2024-02-07	House	Added Co-Sponsor Rep. Paul Jacobs
2024-02-07	House	Added Co-Sponsor Rep. Dan Caulkins
2024-02-06	House	Added Co-Sponsor Rep. Amy L. Grant
2024-02-06	House	Added Co-Sponsor Rep. Chris Miller
2024-02-06	House	Added Co-Sponsor Rep. Martin McLaughlin
2024-02-06	House	Added Co-Sponsor Rep. Tim Ozinga
2024-02-06	House	Added Co-Sponsor Rep. Kevin Schmidt
2024-02-06	House	Added Co-Sponsor Rep. Adam M. Niemerg
2024-02-06	House	Referred to Rules Committee
2024-02-06	House	First Reading
2024-02-02	House	Filed with the Clerk by Rep. Tom Weber

Chapter	Article	Section	Citation Type	Statute Text
35	200	9-145	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4716&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB4716.htm