Illinois General Assembly - Bill Status for HB4354
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 Bill Status of HB4354  103rd General Assembly


Short Description:  PROP TX-EXTENSIONS

House Sponsors
Rep. Tom Weber, Kevin Schmidt, Adam M. Niemerg, Tim Ozinga, Martin McLaughlin, Chris Miller, Amy L. Grant, Dan Caulkins, Jason Bunting, Paul Jacobs, William E Hauter, Dave Severin, Michael J. Coffey, Jr., Brad Stephens, Christopher "C.D." Davidsmeyer, Joe C. Sosnowski and Brandun Schweizer

Last Action
DateChamber Action
  1/16/2024HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/18-161 new
35 ILCS 200/18-233


Synopsis As Introduced
Amends the Property Tax Code. Provides that, beginning in taxable year 2024, no taxing district, other than a home rule unit, may levy a tax on any parcel of real property that is more than 105% of the base amount unless (i) the increase is attributable to substantial improvements to the property, (ii) the taxing district did not levy a tax against the property in the previous taxable year, or (iii) the increase is attributable to a special service area. Provides that "base amount" means the tax levied by the taxing district on the subject property in the immediately preceding taxable year, except that, if the property received a homestead exemption in the immediately preceding taxable year and is not eligible for that exemption in the current taxable year, then the base amount shall be the tax that would have been levied by the taxing district on the subject property in the immediately preceding taxable year if the homestead exemption had not been applied. Provides that a taxing district may elect to be exempt from those provisions for one or more taxable years if the exemption is approved by referendum. Effective immediately.

Actions 
DateChamber Action
  1/4/2024HouseFiled with the Clerk by Rep. Tom Weber
  1/16/2024HouseFirst Reading
  1/16/2024HouseReferred to Rules Committee
  2/1/2024HouseAdded Co-Sponsor Rep. Kevin Schmidt
  2/6/2024HouseAdded Co-Sponsor Rep. Adam M. Niemerg
  2/6/2024HouseAdded Co-Sponsor Rep. Tim Ozinga
  2/6/2024HouseAdded Co-Sponsor Rep. Martin McLaughlin
  2/6/2024HouseAdded Co-Sponsor Rep. Chris Miller
  2/6/2024HouseAdded Co-Sponsor Rep. Amy L. Grant
  2/7/2024HouseAdded Co-Sponsor Rep. Dan Caulkins
  2/7/2024HouseAdded Co-Sponsor Rep. Jason Bunting
  2/7/2024HouseAdded Co-Sponsor Rep. Paul Jacobs
  2/7/2024HouseAdded Co-Sponsor Rep. William E Hauter
  2/7/2024HouseAdded Co-Sponsor Rep. Dave Severin
  2/7/2024HouseAdded Co-Sponsor Rep. Michael J. Coffey, Jr.
  2/7/2024HouseAdded Co-Sponsor Rep. Brad Stephens
  2/7/2024HouseAdded Co-Sponsor Rep. Christopher "C.D." Davidsmeyer
  2/7/2024HouseAdded Co-Sponsor Rep. Joe C. Sosnowski
  2/9/2024HouseAdded Co-Sponsor Rep. Brandun Schweizer

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