Bill Title: Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the limiting rate shall be calculated using the highest aggregate extension from any year in which the taxing district was subject to the Property Tax Extension Limitation Law (currently, the last 3 preceding levy years). Provides that an aggregate extension established for a levy year in which the taxing district was authorized to temporarily increase its limiting rate or its extension limitation may not be used.
Sponsorship: Partisan Bill (Republican 2)
Status: (Introduced - Dead) 2026-03-27 - Rule 19(a) / Re-referred to Rules Committee
[HB2642 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Introduced | 2025-02-04 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|
| No bill amendments currently on file for Illinois HB2642 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois HB2642 currently on file. |
