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 3)
Status: (Introduced) 2026-03-27 - Rule 19(a) / Re-referred to Rules Committee
[HB1321 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Introduced | 2025-01-14 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois HB1321 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois HB1321 currently on file. |
