IL HB1414 | 2025-2026 | 104th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 16 2025 - 25% progression
Action: 2025-01-16 - Filed with the Clerk by Rep. Christopher "C.D." Davidsmeyer
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 16 2025 - 25% progression
Action: 2025-01-16 - Filed with the Clerk by Rep. Christopher "C.D." Davidsmeyer
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if a taxing district grants a property tax abatement for a defined period of time measured in levy years, then, for the first levy year after the expiration of the abatement, the district's aggregate extension base shall be the taxing district's last preceding aggregate extension, subject to certain adjustments, plus the amount of the expired abatement for the previous levy year. Effective immediately.
Title
PROP TX-ABATEMENTS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-16 | House | Filed with the Clerk by Rep. Christopher "C.D." Davidsmeyer |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 200 | 18-185 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1414&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| Text | https://www.ilga.gov/legislation/104/HB/10400HB1414.htm |
