Illinois General Assembly - Bill Status for HB4587
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 Bill Status of HB4587  103rd General Assembly


Short Description:  PROP TX-INTEREST DISTRIBUTION

House Sponsors
Rep. Joe C. Sosnowski

Last Action
DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/20-135


Synopsis As Introduced
Amends the Property Tax Code. Provides that interest earned on tax collection accounts may (currently, shall) be disbursed to taxing districts in the same proportionate ratio that the district shared in the distribution of principal taxes to all units of local government. Effective immediately.

Actions 
DateChamber Action
  1/25/2024HouseFiled with the Clerk by Rep. Joe C. Sosnowski
  1/31/2024HouseFirst Reading
  1/31/2024HouseReferred to Rules Committee
  2/28/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue - Property Tax Subcommittee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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