IL HB4354 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Moderate Partisan Bill (Republican 24-3)
Status: Introduced on January 4 2024 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 4 2024 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Property Tax Code. Provides that, beginning in taxable year 2024, no taxing district, other than a home rule unit, may levy a tax on any parcel of real property that is more than 105% of the base amount unless (i) the increase is attributable to substantial improvements to the property, (ii) the taxing district did not levy a tax against the property in the previous taxable year, or (iii) the increase is attributable to a special service area. Provides that "base amount" means the tax levied by the taxing district on the subject property in the immediately preceding taxable year, except that, if the property received a homestead exemption in the immediately preceding taxable year and is not eligible for that exemption in the current taxable year, then the base amount shall be the tax that would have been levied by the taxing district on the subject property in the immediately preceding taxable year if the homestead exemption had not been applied. Provides that a taxing district may elect to be exempt from those provisions for one or more taxable years if the exemption is approved by referendum. Effective immediately.
Title
PROP TX-EXTENSIONS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-05 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2024-03-14 | House | Added Co-Sponsor Rep. Tony M. McCombie |
| 2024-03-14 | House | Added Co-Sponsor Rep. Dave Vella |
| 2024-03-14 | House | Added Co-Sponsor Rep. Suzanne M. Ness |
| 2024-03-14 | House | Added Co-Sponsor Rep. Rita Mayfield |
| 2024-03-14 | House | Added Co-Sponsor Rep. Patrick Windhorst |
| 2024-03-14 | House | Added Co-Sponsor Rep. Jed Davis |
| 2024-03-14 | House | Added Co-Sponsor Rep. Dennis Tipsword, Jr. |
| 2024-03-14 | House | Added Co-Sponsor Rep. Dan Swanson |
| 2024-03-14 | House | Added Co-Sponsor Rep. Wayne A Rosenthal |
| 2024-03-14 | House | Added Co-Sponsor Rep. Blaine Wilhour |
| 2024-03-08 | House | To Revenue - Property Tax Subcommittee |
| 2024-03-05 | House | Assigned to Revenue & Finance Committee |
| 2024-02-09 | House | Added Co-Sponsor Rep. Brandun Schweizer |
| 2024-02-07 | House | Added Co-Sponsor Rep. Joe C. Sosnowski |
| 2024-02-07 | House | Added Co-Sponsor Rep. Christopher "C.D." Davidsmeyer |
| 2024-02-07 | House | Added Co-Sponsor Rep. Brad Stephens |
| 2024-02-07 | House | Added Co-Sponsor Rep. Michael J. Coffey, Jr. |
| 2024-02-07 | House | Added Co-Sponsor Rep. Dave Severin |
| 2024-02-07 | House | Added Co-Sponsor Rep. William E Hauter |
| 2024-02-07 | House | Added Co-Sponsor Rep. Paul Jacobs |
| 2024-02-07 | House | Added Co-Sponsor Rep. Jason Bunting |
| 2024-02-07 | House | Added Co-Sponsor Rep. Dan Caulkins |
| 2024-02-06 | House | Added Co-Sponsor Rep. Amy L. Grant |
| 2024-02-06 | House | Added Co-Sponsor Rep. Chris Miller |
| 2024-02-06 | House | Added Co-Sponsor Rep. Martin McLaughlin |
| 2024-02-06 | House | Added Co-Sponsor Rep. Tim Ozinga |
| 2024-02-06 | House | Added Co-Sponsor Rep. Adam M. Niemerg |
| 2024-02-01 | House | Added Co-Sponsor Rep. Kevin Schmidt |
| 2024-01-16 | House | Referred to Rules Committee |
| 2024-01-16 | House | First Reading |
| 2024-01-04 | House | Filed with the Clerk by Rep. Tom Weber |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 200 | 18-161 | New Code | See Bill Text |
| 35 | 200 | 18-233 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4354&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB4354.htm |
