Illinois General Assembly - Bill Status for HB4762
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 Bill Status of HB4762  103rd General Assembly


Short Description:  PROP TX-TAX DISTRICT SURPLUS

House Sponsors
Rep. Dan Ugaste and Gary Daugherty

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

Statutes Amended In Order of Appearance
35 ILCS 200/30-32 new


Synopsis As Introduced
Amends the Property Tax Code. Provides that no taxing district may hold more than 150% of the previous levy year's property tax collections in cash or cash-equivalent assets. Provides that excess amounts shall be refunded to taxpayers. Effective immediately.

Actions 
DateChamber Action
  2/10/2020HouseFiled with the Clerk by Rep. Dan Ugaste
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  3/12/2020HouseAssigned to Revenue & Finance Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/11/2021HouseAdded Co-Sponsor Rep. Gary Daugherty
  1/13/2021HouseSession Sine Die

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