Bill Status of HB1321

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HB1321 - 104th General Assembly

PROP TX-TAX DISTRICT SURPLUS
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Dan Ugaste, Tony M. McCombie and Kevin Schmidt
Statutes Amended In Order of Appearance
35 ILCS 200/30-32 new
Synopsis As Introduced
Amends the Property Tax Code. Provides that no taxing district may hold more than 150% of the previous levy year's property tax collections in cash or cash-equivalent assets. Provides that excess amounts shall be refunded to taxpayers. Effective immediately.
Actions
Date Chamber Action
1/14/2025 House Filed with the Clerk by Rep. Dan Ugaste
1/21/2025 House Added Co-Sponsor Rep. Tony M. McCombie
1/28/2025 House First Reading
1/28/2025 House Referred to Rules Committee
2/11/2025 House Assigned to Revenue & Finance Committee
2/25/2025 House To Finance Subcommittee
3/18/2025 House Added Co-Sponsor Rep. Kevin Schmidt
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee