Bill Status of HB1414

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HB1414 - 104th General Assembly

PROP TX-ABATEMENTS
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Christopher "C.D." Davidsmeyer
Statutes Amended In Order of Appearance
35 ILCS 200/18-185
Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if a taxing district grants a property tax abatement for a defined period of time measured in levy years, then, for the first levy year after the expiration of the abatement, the district's aggregate extension base shall be the taxing district's last preceding aggregate extension, subject to certain adjustments, plus the amount of the expired abatement for the previous levy year. Effective immediately.
Actions
Date Chamber Action
1/16/2025 House Filed with the Clerk by Rep. Christopher "C.D." Davidsmeyer
1/28/2025 House First Reading
1/28/2025 House Referred to Rules Committee
2/18/2025 House Assigned to Revenue & Finance Committee
3/03/2025 House To Property Tax Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee