Bill Texts: IL HB3467 | 2023-2024 | 103rd General Assembly

Bill Title: Amends the School Code. Provides that the State Board of Education shall establish and administer an annual program to award property tax relief grants to school districts in the State. Provides that, in exchange for receiving a grant, the school district's maximum aggregate property tax extension for the taxable year that begins on January 1 of the fiscal year for which the grant is awarded may not exceed a specified maximum aggregate property tax extension. Creates the Education Property Tax Relief Fund for the purpose of making appropriations for the grant program. Amends the State Finance Act to make conforming changes. Effective immediately.

Spectrum: Partisan Bill (Republican 5-0)

Status: (Introduced) 2024-01-30 - Added Co-Sponsor Rep. Jennifer Sanalitro [HB3467 Detail]

Bill Drafts

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Introduced2023-02-17HTML/TextLinkView

Amendments

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No bill amendments currently on file for Illinois HB3467

Supplemental Documents

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No supplemental documents for Illinois HB3467 currently on file.

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