103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB4225
 
Introduced 11/8/2023, by Rep. Tom Weber
 
SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/18-161 new
    Amends the Property Tax Code. Provides that, beginning in taxable year 2024, no taxing district, other than a home rule unit, may levy a tax on any parcel of real property that is more than 108% of the tax levied by that taxing district on that property in the immediately preceding taxable year unless (i) the increase is attributable to substantial improvements to the property, (ii) the taxing district did not levy a tax against the property in the previous taxable year, or (iii) the increase is attributable to a special service area. Provides that a taxing district may elect to be exempt from those provisions for one or more taxable years if the exemption is approved by referendum. Effective immediately.


LRB103 35287 HLH 65320 b

 
 
A BILL FOR
 
HB4225LRB103 35287 HLH 65320 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 
5Section 18-161 as follows:
 
6    (35 ILCS 200/18-161 new)
7    Sec. 18-161. Taxing district extension limitation. 
8    (a) Notwithstanding any other provision of law, beginning 
9in taxable year 2024, no taxing district may levy a tax on any 
10parcel of real property under this Code that is more than 108% 
11of the tax levied by that taxing district on that property in 
12the immediately preceding taxable year unless (i) the increase 
13is attributable to substantial improvements to the property, 
14(ii) the taxing district did not levy a tax against the 
15property in the previous taxable year, or (iii) the increase 
16is attributable to a special service area.
17    (b) A taxing district may elect to be exempt from the 
18provisions of subsection (a) for one or more taxable years if 
19the exemption is approved by a referendum held before January 
201 of the first taxable year during which the exemption 
21applies. Referenda shall be conducted at a regularly scheduled 
22election held in accordance with the Election Code. The 
23question shall be presented in substantially the following 
 
 
HB4225- 2 -LRB103 35287 HLH 65320 b

1form: 
2        "For (taxable years), shall (taxing district) be 
3    exempt from the provisions of Section 18-161 of the 
4    Property Tax Code, which limits increases in the taxes 
5    levied by the taxing against real property to 8% per 
6    taxable year?"
7    The taxing district may include the following as 
8supplemental information on the ballot: 
9        "A "yes" vote means that (taxing district) would be 
10    allowed to increase the amount of taxes levied against 
11    each parcel of property by more than 8%." 
12    The votes must be recorded as "Yes" or "No". 
13    If a majority of voters voting on the issue approves the 
14exemption, then the taxing district shall be exempt from the 
15provisions of this Section for the taxable years specified. 
16    (c) As used in this Section: 
17    "Taxing district" has the same meaning provided in Section 
181-150, except that "taxing district" does not include home 
19rule units. 
 
20    Section 99. Effective date. This Act takes effect upon 
21becoming law.