Illinois General Assembly - Bill Status for HB2428
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB2428  101st General Assembly


Short Description:  PROP TX-FALLING EAV

House Sponsors
Rep. Allen Skillicorn

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/18-185


Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that if (i) the total equalized assessed value of all taxable property in the taxing district for the current levy year is less than the total equalized assessed value of all taxable property in the taxing district for the previous levy year, or (ii) the median equalized assessed value of all taxable property in the taxing district for the current levy year and the 2 levy years immediately preceding the current levy year is less than the median equalized assessed value of all taxable property in the taxing district for the 3 levy years immediately preceding that 3-year period, then the extension limitation is (a) 0% or (b) the rate of increase approved by voters (instead of the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year or the rate of increase approved by the voters). Effective immediately.

Actions 
DateChamber Action
  2/13/2019HouseFiled with the Clerk by Rep. Allen Skillicorn
  2/13/2019HouseFirst Reading
  2/13/2019HouseReferred to Rules Committee
  2/26/2019HouseAssigned to Revenue & Finance Committee
  3/6/2019HouseTo Property Tax Subcommittee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

Back To Top