Illinois House Bill 4426 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 11-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that if (i) the total equalized assessed value of all taxable property in the taxing district for the current levy year is less than the total equalized assessed value of all taxable property in the taxing district for the previous levy year, or (ii) the median equalized assessed value of all taxable property in the taxing district for the current levy year and the 2 levy years immediately preceding the current levy year is less than the median equalized assessed value of all taxable property in the taxing district for the 3 levy years immediately preceding that 3-year period, then the extension limitation is (a) 0% or (b) the rate of increase approved by voters (instead of the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year or the rate of increase approved by the voters). Effective immediately.

PROP TX-FALLING EAV

Rep. Ronald Sandack [R]	Rep. Sandra Pihos [R]	Rep. Darlene Senger [R]	Rep. Thomas Morrison [R]
Rep. David McSweeney [R]	Rep. Patricia Bellock [R]	Rep. Barbara Wheeler [R]	Rep. Dennis Reboletti [R]
Rep. Kay Hatcher [R]	Rep. Michael McAuliffe [R]	Rep. Ed Sullivan [R]

Date	Chamber	Action
2014-12-03	House	Session Sine Die
2014-05-08	House	Added Co-Sponsor Rep. Ed Sullivan, Jr.
2014-05-08	House	Added Co-Sponsor Rep. Michael P. McAuliffe
2014-05-07	House	Added Chief Co-Sponsor Rep. David McSweeney
2014-05-07	House	Added Chief Co-Sponsor Rep. Thomas Morrison
2014-05-07	House	Added Chief Co-Sponsor Rep. Darlene J. Senger
2014-05-07	House	Added Co-Sponsor Rep. Kay Hatcher
2014-05-07	House	Added Co-Sponsor Rep. Dennis M. Reboletti
2014-05-07	House	Added Co-Sponsor Rep. Barbara Wheeler
2014-05-07	House	Added Co-Sponsor Rep. Patricia R. Bellock
2014-03-28	House	Rule 19(a) / Re-referred to Rules Committee
2014-03-03	House	Added Chief Co-Sponsor Rep. Sandra M. Pihos
2014-02-27	House	To Property Tax Subcommittee
2014-02-27	House	Assigned to Revenue & Finance Committee
2014-01-29	House	Referred to Rules Committee
2014-01-29	House	First Reading
2014-01-29	House	Filed with the Clerk by Rep. Ron Sandack

Chapter	Article	Section	Citation Type	Statute Text
35	200	18-185	Amended Code	Citation Text
35	200	18-205	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4426&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB4426.htm