Bill Texts: IL HB2630 | 2019-2020 | 101st General Assembly

Bill Title: Amends the Property Tax Code. Provides that, beginning with the 2019 levy year, the Property Tax Extension Limitation Law applies to all taxing districts, including home rule units. Provides that, beginning with the 2019 levy year and until the first levy year to occur after a revenue neutral school funding formula is enacted, the extension limitation under the Property Tax Extension Limitation Law is 0% or the rate of increase approved by the voters. Preempts home rule. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee [HB2630 Detail]

Bill Drafts

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Introduced2019-02-14HTML/TextLinkView

Amendments

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No bill amendments currently on file for Illinois HB2630

Supplemental Documents

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No supplemental documents for Illinois HB2630 currently on file.

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