HB5241 - 104th General Assembly (2025-2026)

COOK CTY-LOC GOV PAYMENTS
Last Action
2/26/2026 - House: To Tax Policy: Other Taxes Subcommittee
Statutes Amended In Order of Appearance
55 ILCS 5/5-1195 new  
Synopsis As Introduced
Amends the Counties Code. Provides that, if Cook County is delinquent in distributing property tax proceeds to taxing districts the proceeds of property taxes imposed by the taxing districts that Cook County is required to collect from taxpayers and distribute to the taxing districts, then Cook County shall reimburse the taxing districts for (i) the interest that the taxing districts would have earned from keeping the proceeds of property taxes in reserves and (ii) the interest that taxing districts paid on debts incurred because Cook County is delinquent in distributing property tax proceeds to taxing districts.
Actions
DateChamberAction
2/05/2026HouseFiled with the Clerk by Rep. Anthony DeLuca
2/10/2026HouseFirst Reading
2/10/2026HouseReferred to Rules Committee
2/13/2026HouseAdded Chief Co-Sponsor Rep. Brad Stephens
2/24/2026HouseAssigned to Revenue & Finance Committee
2/26/2026HouseTo Tax Policy: Other Taxes Subcommittee