Bill Title: 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.

Spectrum: Moderate Partisan Bill (Republican 24-3)

Status: (Introduced) 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee [HB4354 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Tom Weber [R]	Primary	Sponsored Bills	HD-064	FollowTheMoney	Ballotpedia	VoteSmart
Representative Kevin Schmidt [R]	Cosponsor	Sponsored Bills	HD-114	FollowTheMoney	Ballotpedia	N/A
Representative Adam Niemerg [R]	Cosponsor	Sponsored Bills	HD-102	FollowTheMoney	Ballotpedia	VoteSmart
Representative Tim Ozinga [R]	Cosponsor	Sponsored Bills	HD-037	FollowTheMoney	Ballotpedia	VoteSmart
Representative Martin McLaughlin [R]	Cosponsor	Sponsored Bills	HD-052	FollowTheMoney	Ballotpedia	VoteSmart
Representative Chris Miller [R]	Cosponsor	Sponsored Bills	HD-101	FollowTheMoney	Ballotpedia	VoteSmart
Representative Amy Grant [R]	Cosponsor	Sponsored Bills	HD-047	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dan Caulkins [R]	Cosponsor	Sponsored Bills	HD-088	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jason Bunting [R]	Cosponsor	Sponsored Bills	HD-106	FollowTheMoney	Ballotpedia	N/A
Representative Paul Jacobs [R]	Cosponsor	Sponsored Bills	HD-118	FollowTheMoney	Ballotpedia	VoteSmart
Representative William Hauter [R]	Cosponsor	Sponsored Bills	HD-087	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dave Severin [R]	Cosponsor	Sponsored Bills	HD-116	FollowTheMoney	Ballotpedia	VoteSmart
Representative Mike Coffey [R]	Cosponsor	Sponsored Bills	HD-095	FollowTheMoney	Ballotpedia	N/A
Representative Bradley Stephens [R]	Cosponsor	Sponsored Bills	HD-020	FollowTheMoney	Ballotpedia	VoteSmart
Representative Christopher Davidsmeyer [R]	Cosponsor	Sponsored Bills	HD-100	FollowTheMoney	Ballotpedia	VoteSmart
Representative Joe Sosnowski [R]	Cosponsor	Sponsored Bills	HD-069	FollowTheMoney	Ballotpedia	VoteSmart
Representative Brandun Schweizer [R]	Cosponsor	Sponsored Bills	HD-104	FollowTheMoney	Ballotpedia	VoteSmart
Representative Blaine Wilhour [R]	Cosponsor	Sponsored Bills	HD-110	FollowTheMoney	Ballotpedia	VoteSmart
Representative Wayne Rosenthal [R]	Cosponsor	Sponsored Bills	HD-108	FollowTheMoney	Ballotpedia	VoteSmart
Representative Daniel Swanson [R]	Cosponsor	Sponsored Bills	HD-071	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dennis Tipsword [R]	Cosponsor	Sponsored Bills	HD-105	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jed Davis [R]	Cosponsor	Sponsored Bills	HD-075	FollowTheMoney	Ballotpedia	VoteSmart
Representative Patrick Windhorst [R]	Cosponsor	Sponsored Bills	HD-117	FollowTheMoney	Ballotpedia	VoteSmart
Representative Rita Mayfield [D]	Cosponsor	Sponsored Bills	HD-060	FollowTheMoney	Ballotpedia	VoteSmart
Representative Suzanne Ness [D]	Cosponsor	Sponsored Bills	HD-066	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dave Vella [D]	Cosponsor	Sponsored Bills	HD-068	FollowTheMoney	Ballotpedia	VoteSmart
Representative Tony McCombie [R]	Cosponsor	Sponsored Bills	HD-089	FollowTheMoney	Ballotpedia	VoteSmart

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