Illinois General Assembly - Bill Status for HB4241
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 Bill Status of HB4241  101st General Assembly

Short Description:  PTELL-LIMITING RATE

House Sponsors
Rep. Mark L. Walker

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, for levy year 2021 and thereafter, the limiting rate shall include 50% of the value of new property (currently, 100% of the value of new property is excluded). Effective immediately.

DateChamber Action
  1/23/2020HouseFiled with the Clerk by Rep. Mark L. Walker
  1/27/2020HouseFirst Reading
  1/27/2020HouseReferred to Rules Committee
  3/17/2020HouseAssigned to Revenue & Finance Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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