Illinois General Assembly - Bill Status for HB1414

Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if a taxing district grants a property tax abatement for a defined period of time measured in levy years, then, for the first levy year after the expiration of the abatement, the district's aggregate extension base shall be the taxing district's last preceding aggregate extension, subject to certain adjustments, plus the amount of the expired abatement for the previous levy year. Effective immediately.

Actions

Date	Chamber	Action
1/16/2025	House	Filed with the Clerk by Rep. Christopher "C.D." Davidsmeyer
1/28/2025	House	First Reading
1/28/2025	House	Referred to Rules Committee
2/18/2025	House	Assigned to Revenue & Finance Committee
3/3/2025	House	To Property Tax Subcommittee
3/21/2025	House	Rule 19(a) / Re-referred to Rules Committee

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