103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB1263
 
Introduced 1/31/2023, 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.
  


LRB103 05201 HLH 50217 b

 
 
A BILL FOR
 

  
HB1263LRB103 05201 HLH 50217 b


  
1    AN ACT concerning revenue.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Property Tax Code is amended  by adding 
5Division 2.2 to Article 18 as follows:
 
6    (35 ILCS 200/Art. 18 Div. 2.2 heading new)
7
Division 2.2.   Required disclosures

 
8    (35 ILCS 200/18-104 new)
9    Sec. 18-104. Required disclosures.
10    (a) As used in this Section:
11    "Collection year" means the calendar year in which 
12property taxes levied for the previous calendar year are 
13collected. 
14    "Levy year" means the taxable year for which property 
15taxes are levied that are collected in the collection year. 
16    "Taxing district" has the meaning specified in Section 
171-150 and includes home rule units. 
18    (b) By February 1 of each collection year, beginning with 
19the 2024 collection year, each taxing district shall publish 
20the following information on the taxing district's publicly 
21accessible website, if the taxing district uses such a 
22website, and in  a newspaper of general circulation published 
 
 
HB1263- 2 -LRB103 05201 HLH 50217 b

1in the taxing district: 
2        (1) the taxing district's property tax rate for the 
3    levy year;
4        (2) the taxing district's property tax rate for the 
5    immediately preceding levy year; 
6        (3) the total dollar amount of the taxing district's 
7    extension for the levy year; 
8        (4) the total dollar amount of the taxing district's 
9    extension for the immediately preceding levy year; 
10        (5) the property tax liability for the levy year for 
11    each $100,000 of fair market value. 
12    (c) A home rule unit may not regulate the publication of 
13property tax information in a manner that is inconsistent with 
14the regulation by the State of the publication of property tax 
15information under this Section.  This Section is a limitation 
16under subsection (i) of Section 6 of Article VII of the 
17Illinois Constitution on the concurrent exercise by home rule 
18units of powers and functions exercised by the State. 
 
 
19    Section 99. Effective date. This Act takes effect upon 
20becoming law.