HB5570 - 104th General Assembly (2025-2026)

REVENUE-PROP TX REPLACE
Last Action
3/18/2026 - House: Assigned to Revenue & Finance Committee
Hearings
Tax Policy: Sales Tax Subcommittee Hearing Mar 26 2026 8:08AM Stratton Building Room D-1 Springfield, IL
Tax Policy: Other Taxes Subcommittee Hearing Mar 26 2026 8:07AM Stratton Building Room D-1 Springfield, IL
Tax Policy: Income Tax Subcommittee Hearing Mar 26 2026 8:06AM Stratton Building Room D-1 Springfield, IL
Tax Policy: Finance Subcommittee Hearing Mar 26 2026 8:05AM Stratton Building Room D-1 Springfield, IL
Tax Credit and Incentives Subcommittee Hearing Mar 26 2026 8:04AM Stratton Building Room D-1 Springfield, IL
Sales Tax Subcommittee Hearing Mar 26 2026 8:03AM Stratton Building Room D-1 Springfield, IL
Revenue & Finance Committee Hearing Mar 26 2026 8:00AM Stratton Building Room D-1 Springfield, IL
Property Tax Subcommittee Hearing Mar 26 2026 8:02AM Stratton Building Room D-1 Springfield, IL
Income Tax Subcommittee Hearing Mar 26 2026 8:01AM Stratton Building Room D-1 Springfield, IL
Finance Subcommittee Hearing Mar 26
Statutes Amended In Order of Appearance
20 ILCS 2505/2505-820 new  
Synopsis As Introduced
Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue, in consultation with the Governor's Office of Management and Budget, shall conduct a study to determine the feasibility of phasing out the use of property taxes as a funding source for school districts and replacing that revenue with other State and local revenue streams.
Actions
DateChamberAction
2/06/2026HouseFiled with the Clerk by Rep. La Shawn K. Ford
2/13/2026HouseFirst Reading
2/13/2026HouseReferred to Rules Committee
2/20/2026HouseAdded Chief Co-Sponsor Rep. Debbie Meyers-Martin
2/24/2026HouseAdded Co-Sponsor Rep. Kam Buckner
3/18/2026HouseAssigned to Revenue & Finance Committee