Illinois House Bill 1199

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 9 2025 - 25% progression
Action: 2025-01-09 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that, notwithstanding any other provision of law, beginning in taxable year 2026, no county clerk may extend against any property an annual property tax that exceeds the amount generated by multiplying the property tax liability for the property in the immediately preceding taxable year by one plus the percentage increase, if any, in the Consumer Price Index for the 12-month period ending in September of the immediately preceding taxable year, unless the increase in the property tax liability is the result of improvements to the property or the result of the removal of one or more exemptions that were granted with respect to the property for the immediately preceding taxable year. Effective immediately.

PROP TX-EXTENSION LIMITATION

Rep. Rita Mayfield [D]

Date	Chamber	Action
2025-01-09	House	Referred to Rules Committee
2025-01-09	House	First Reading
2025-01-09	House	Filed with the Clerk by Rep. Rita Mayfield

Chapter	Article	Section	Citation Type	Statute Text
35	200	18-105.1	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1199&GAID=18&DocTypeID=HB&SessionID=114&GA=104
Text	https://www.ilga.gov/legislation/104/HB/10400HB1199.htm