Bill Text: IL HB1263 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the Property Tax Code. Provides that each taxing district shall publish specified information concerning the district's property tax rate and extension. Effective immediately.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced) 2024-02-08 - Added Co-Sponsor Rep. Michael J. Coffey, Jr. [HB1263 Detail]

Download: Illinois-2023-HB1263-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1263 Introduced , by Rep. Jeff Keicher SYNOPSIS AS INTRODUCED:
35 ILCS 200/Art. 18 Div. 2.2 heading new
35 ILCS 200/18-104 new
Amends the Property Tax Code. Provides that each taxing district shall publish specified information concerning the district's property tax rate and extension. Effective immediately.
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A BILL FOR
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AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by adding
Division 2.2 to Article 18 as follows:
(35 ILCS 200/Art. 18 Div. 2.2 heading new)
Division 2.2. Required disclosures
(35 ILCS 200/18-104 new)
Sec. 18-104. Required disclosures.
(a) As used in this Section:
"Collection year" means the calendar year in which
property taxes levied for the previous calendar year are
collected.
"Levy year" means the taxable year for which property
taxes are levied that are collected in the collection year.
"Taxing district" has the meaning specified in Section
1-150 and includes home rule units.
(b) By February 1 of each collection year, beginning with
the 2024 collection year, each taxing district shall publish
the following information on the taxing district's publicly
accessible website, if the taxing district uses such a
website, and in a newspaper of general circulation published

HB1263 - 2 - LRB103 05201 HLH 50217 b
in the taxing district:
(1) the taxing district's property tax rate for the
levy year;
(2) the taxing district's property tax rate for the
immediately preceding levy year;
(3) the total dollar amount of the taxing district's
extension for the levy year;
(4) the total dollar amount of the taxing district's
extension for the immediately preceding levy year;
(5) the property tax liability for the levy year for
each $100,000 of fair market value.
(c) A home rule unit may not regulate the publication of
property tax information in a manner that is inconsistent with
the regulation by the State of the publication of property tax
information under this Section. This Section is a limitation
under subsection (i) of Section 6 of Article VII of the
Illinois Constitution on the concurrent exercise by home rule
units of powers and functions exercised by the State.
Section 99. Effective date. This Act takes effect upon
becoming law.