Bill Title: Amends the School Code. Provides that the State Board of Education shall establish and administer an annual program to award property tax relief grants to school districts in the State. Provides that, in exchange for receiving a grant, the school district's maximum aggregate property tax extension for the taxable year that begins on January 1 of the fiscal year for which the grant is awarded may not exceed a specified maximum aggregate property tax extension. Creates the Education Property Tax Relief Fund for the purpose of making appropriations for the grant program. Amends the State Finance Act to make conforming changes. Effective immediately.

Spectrum: Slight Partisan Bill (Republican 20-12)

Status: (Introduced - Dead) 2023-01-10 - Added Co-Sponsor Rep. Sandra Hamilton [HB5834 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2022-11-09	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB5834

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB5834 currently on file.

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