Bill Text: IL SB2179 | 2023-2024 | 103rd General Assembly | Introduced

---

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 to property taxpayers within school districts in the State. Provides that the State Board of Education shall work with county clerk's offices in the State to determine the amount given to each property taxpayer. Provides that moneys awarded to property taxpayers shall be distributed pro rata based on the amount the property taxpayer paid in tax in the previous fiscal year. 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: Partisan Bill (Republican 2-0)

Status: (Introduced) 2023-03-03 - Added as Co-Sponsor Sen. Andrew S. Chesney [SB2179 Detail]

Download: Illinois-2023-SB2179-Introduced.html

---

103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB2179 Introduced 2/10/2023, by Sen. Tom Bennett SYNOPSIS AS INTRODUCED:
30 ILCS 105/5.990 new
105 ILCS 5/1A-12 new
Amends the School Code. Provides that the State Board of Education shall establish and administer an annual program to award property tax relief to property taxpayer's within school districts in the State. Provides that the State Board of Education shall work with county clerk's offices in the State to determine the amount given to each property taxpayer. Provides that moneys awarded to property taxpayers shall be distributed pro rata based on the amount the property taxpayer paid in tax in the previous fiscal year. 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.
LRB103 30763 RJT 57247 b
A BILL FOR
SB2179 LRB103 30763 RJT 57247 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The State Finance Act is amended by adding
Section 5.990 as follows:
(30 ILCS 105/5.990 new)
Sec. 5.990. The Education Property Tax Relief Fund.
Section 15. The School Code is amended by adding Section
1A-12 as follows:
(105 ILCS 5/1A-12 new)
Sec. 1A-12. School District Property Tax Relief Grant
Program; Education Property Tax Relief Fund.
(a) As used in this Section:
"Adjusted maximum aggregate property tax extension" means
the highest aggregate property tax extension that the district
is authorized by law to levy, without regard to this Section,
for the taxable year for which the adjusted maximum aggregate
property tax extension is calculated, minus the grant amount
received by the school district for the fiscal year that ends
during the taxable year for which the adjusted maximum
aggregate property tax extension is calculated.

SB2179 - 2 - LRB103 30763 RJT 57247 b
"Aggregate property tax extension" means the annual
corporate extension for the school district and those special
purpose extensions that are made annually for the school
district.
"Taxable year" means the calendar year during which
property taxes payable in the next succeeding year are levied.
(b) For State fiscal year 2024 and each State fiscal year
thereafter, the State Board of Education shall establish and
administer an annual program to award property tax relief
grants to property taxpayer's within school districts in the
State. The State Board of Education shall work with county
clerk's offices in the State to determine the amount given to
each property taxpayer. Moneys awarded to property taxpayers
under this Section shall be distributed pro rata based on the
amount the property taxpayer paid in tax in the previous
fiscal year. The total grant amount given to property
taxpayers who live within a school district specified school
district shall be based on the increase of school district's
maximum aggregate property tax extension for the taxable year
that begins on January 1 of the fiscal year the grant is given
in comparison to the previous fiscal years aggregate property
tax extension. Grants shall be awarded from moneys
appropriated for that purpose from the Education Property Tax
Relief Fund created in subsection (c).
(c) The Education Property Tax Relief Fund is hereby
created as a special fund in the State treasury. By September

SB2179 - 3 - LRB103 30763 RJT 57247 b
1, 2023, and by September 1 of each calendar year thereafter,
the Governor's Office of Management and Budget shall certify
to the State Comptroller and the State Treasurer an amount
equal to the difference, if any, between (i) 25% of the total
amount appropriated from all State general funds as part of
the State budget for the fiscal year that begins on the
immediately preceding July 1, including any amounts
appropriated for the purpose of making grants under this
Section, and (ii) the total amount appropriated by the State,
including any continuing appropriations, for that fiscal year
as State contributions to the retirement system established
under Article 14 of the Illinois Pension Code, the retirement
system established under Article 15 of the Illinois Pension
Code, and the retirement system established under Article 16
of the Illinois Pension Code. Upon receiving the certified
amount from the Governor's Office of Management and Budget,
the Comptroller shall order transferred and the Treasurer
shall transfer the certified amount from the General Revenue
Fund to the Education Property Tax Relief Fund. Any unexpended
amounts remaining in the Fund on the last day of the State
fiscal year shall be transferred from the Education Property
Tax Relief Fund to the General Revenue Fund.
Section 99. Effective date. This Act takes effect upon
becoming law.