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 2)

Status: (Introduced - Dead) 2021-01-11 - Added Co-Sponsor Rep. Gary Daugherty [HB4762 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2020-02-10	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB4762

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB4762 currently on file.