Illinois General Assembly - Bill Status for HB1321

Revenue & Finance Committee Hearing Mar 20 2025 8:00AM Capitol Building 114 and Virtual Room 1 Springfield, IL
Revenue & Finance Committee Hearing Mar 20 2025 2:00PM Stratton Building Room D-1 Springfield, IL
Finance Subcommittee Hearing Mar 20 2025 8:01AM Capitol Building 114 and Virtual Room 1 Springfield, IL
Finance Subcommittee Hearing Mar 20 2025 2:01PM Stratton Building Room D-1 Springfield, IL

Last Action

Date	Chamber	Action
2/25/2025	House	To Finance Subcommittee

Statutes Amended In Order of Appearance

35 ILCS 200/30-32 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that no taxing district may hold more than 150% of the previous levy year's property tax collections in cash or cash-equivalent assets. Provides that excess amounts shall be refunded to taxpayers. Effective immediately.

Actions

Date	Chamber	Action
1/14/2025	House	Filed with the Clerk by Rep. Dan Ugaste
1/21/2025	House	Added Co-Sponsor Rep. Tony M. McCombie
1/28/2025	House	First Reading
1/28/2025	House	Referred to Rules Committee
2/11/2025	House	Assigned to Revenue & Finance Committee
2/25/2025	House	To Finance Subcommittee

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