102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB4417

 

Introduced 1/21/2022, by Rep. Chris Miller

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/Art. 18 Div. 5.2 heading new
35 ILCS 200/18-249.10 new

    Amends the Property Tax Code. Provides that, for tax years beginning on or after January 1, 2022, no taxing district shall extend or levy a tax against any property in any amount greater than $2 per $100 of equalized assessed valuation. Effective immediately.


LRB102 23531 HLH 32713 b

 

 

A BILL FOR

 

HB4417LRB102 23531 HLH 32713 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
5Division 5.2 to Article 18 as follows:
 
6    (35 ILCS 200/Art. 18 Div. 5.2 heading new)
7
Division 5.2. Property Tax Rate Cap.

 
8    (35 ILCS 200/18-249.10 new)
9    Sec. 18-249.10. Extension limitation. Notwithstanding any
10other law, for tax years beginning on or after January 1, 2022,
11no taxing district shall extend or levy a tax against any
12property in any amount greater than $2 per $100 of equalized
13assessed valuation.
 
14    Section 99. Effective date. This Act takes effect upon
15becoming law.