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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB4417 Introduced 1/21/2022, by Rep. Chris Miller SYNOPSIS AS INTRODUCED:
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| 35 ILCS 200/Art. 18 Div. 5.2 heading new | | 35 ILCS 200/18-249.10 new | |
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Amends the Property Tax Code. Provides that, for tax years beginning on or after January 1, 2022, no taxing district shall extend or levy a tax against any property in any amount greater than $2 per $100 of equalized assessed valuation. Effective immediately.
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| | A BILL FOR |
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| | HB4417 | | LRB102 23531 HLH 32713 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by adding |
| 5 | | Division 5.2 to Article 18 as follows:
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| 6 | | (35 ILCS 200/Art. 18 Div. 5.2 heading new) |
| 7 | | Division 5.2. Property Tax Rate Cap.
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| 8 | | (35 ILCS 200/18-249.10 new) |
| 9 | | Sec. 18-249.10. Extension limitation. Notwithstanding any |
| 10 | | other law, for tax years beginning on or after January 1, 2022, |
| 11 | | no taxing district shall extend or levy a tax against any |
| 12 | | property in any amount greater than $2 per $100 of equalized |
| 13 | | assessed valuation.
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| 14 | | Section 99. Effective date. This Act takes effect upon |
| 15 | | becoming law.
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