Bill Status of HB 4450   98th General Assembly

Short Description:  PROP TX-LEVY REDUCTION

House Sponsors
Rep. John M. Cabello

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/18-184.15 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that, beginning in taxable year 2014 and concluding in taxable year 2018, the county clerk shall reduce the property taxes levied by each taxing district to a level that is not greater than that taxing district's levy in the previous taxable year. Provides that the county clerk may increase or decrease the portion of a total tax levy paid by any individual taxpayer, provided that the increase or decrease in the individual taxpayer's tax bill is based solely on a change in the equalized assessed value of the taxpayer's property. Effective immediately.

Actions 
DateChamber Action
  1/29/2014HouseFiled with the Clerk by Rep. John M. Cabello
  2/3/2014HouseFirst Reading
  2/3/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

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