Bill Title: Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for levy year 2021 and thereafter, the limiting rate shall include 50% of the value of new property (currently, 100% of the value of new property is excluded). Effective immediately.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB4241 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2020-01-23	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB4241

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB4241 currently on file.