104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB4018
 
Introduced 3/11/2025, by Rep. Tom Weber
 
SYNOPSIS AS INTRODUCED:
 
New Act
    Creates the Property Tax Relief and Fairness Referendum Act of 2026. Provides that the State Board of Elections shall cause a statewide advisory question of public policy concerning a general homestead exemption to be submitted to the voters at the general election to be held on November 3, 2026. Provides that the State Board of Elections shall immediately certify the question to be submitted to the voters of the entire State to each election authority in Illinois. Repeals the Act on January 1, 2027.


LRB104 12618 SPS 23290 b

 
 
A BILL FOR
 
HB4018LRB104 12618 SPS 23290 b

1    AN ACT concerning elections.
 
2    Be it enacted by the People of the State of Illinois, 
3represented in the General Assembly:
 
4    Section 1. Short title. This Act may be cited as the 
5Property Tax Relief and Fairness Referendum Act of 2026.
 
6    Section 5. Referendum. The State Board of Elections shall 
7cause a statewide advisory question of public policy to be 
8submitted to the voters at the general election to be held on 
9November 3, 2026. The question shall appear in the following 
10form:
 
11    "Shall Illinois adopt for all taxing districts a general 
12    homestead exemption that allows for a reduction of up to 
13    $25,000 of the equalized assessed value of a property 
14    before property taxes are calculated and, the year after a 
15    property qualifies for the general homestead exemption, 
16    cap the increase in the equalized assessed value of the 
17    property at no more than 3% or the increase in the Consumer 
18    Price Index, whichever is lower? 
 
19    For the purpose of this advisory question, "Consumer Price 
20    Index" means the index published by the Bureau of Labor 
21    Statistics of the United States Department of Labor that 
 
 
HB4018- 2 -LRB104 12618 SPS 23290 b

1    measures the average change in prices of goods and 
2    services purchased by all urban consumers, United States 
3    city average, all items, 1982-84 = 100."
 
4    The votes on the question shall be recorded as "Yes" or 
5"No".
 
6    Section 10. Certification. The State Board of Elections 
7shall immediately certify the question set forth in Section 5 
8to be submitted to the voters of the entire State to each 
9election authority in Illinois.
 
10    Section 15. Repeal. This Act is repealed on January 1, 
112027.