Comments: IL HB4762 | 2019-2020 | 101st General Assembly

Bill Title: Amends the Property Tax Code. Provides that no taxing district may hold more than 150% of the previous levy year's property tax collections in cash or cash-equivalent assets. Provides that excess amounts shall be refunded to taxpayers. Effective immediately.

Sponsorship: Partisan Bill (Republican 2)

Status: (Introduced - Dead) 2021-01-11 - Added Co-Sponsor Rep. Gary Daugherty [HB4762 Detail]

Text: Latest bill text (Introduced) [HTML]

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