Illinois General Assembly - Bill Status for HB4716
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 Bill Status of HB4716  103rd General Assembly


House Sponsors
Rep. Tom Weber, Adam M. Niemerg, Kevin Schmidt, Tim Ozinga, Martin McLaughlin, Chris Miller, Amy L. Grant, Dan Caulkins, Paul Jacobs, Jason Bunting, 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
  2/6/2024HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/9-145

Synopsis As Introduced
Amends the Property Tax Code. Provides that, in all counties, any change in assessment resulting from reassessment in the general assessment year shall not exceed the lesser of the following: (1) 3% of the assessed value of the property for the prior year; or (2) the percentage change in the Consumer Price Index during the 12-month calendar year preceding the assessment year. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately.

DateChamber Action
  2/2/2024HouseFiled with the Clerk by Rep. Tom Weber
  2/6/2024HouseFirst Reading
  2/6/2024HouseReferred to Rules Committee
  2/6/2024HouseAdded Co-Sponsor Rep. Adam M. Niemerg
  2/6/2024HouseAdded Co-Sponsor Rep. Kevin Schmidt
  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. Paul Jacobs
  2/7/2024HouseAdded Co-Sponsor Rep. Jason Bunting
  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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