Illinois General Assembly - Full Text of HB4028

LRB104 12788 SPS 24092 b

104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB4028

Introduced 3/19/2025, by Rep. Tom Weber

SYNOPSIS AS INTRODUCED:

New Act

Creates the Property Tax Levy Relief Act of 2026. Provides that the State Board of Elections shall cause a statewide advisory question of public policy concerning the levying of taxes on parcels of real property to be submitted to the voters at the general election to be held on November 3, 2026. Provides that the State Board of Elections shall immediately certify the question to be submitted to the voters of the entire State to each election authority in Illinois. Repeals the Act on January 1, 2027.

A BILL FOR

AN ACT concerning elections.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 1. Short title. This Act may be cited as the Property Tax Levy Relief Act of 2026.

Section 5. Referendum. The State Board of Elections shall cause a statewide advisory question of public policy to be submitted to the voters at the general election to be held on November 3, 2026. The question shall appear in the following form:

"Shall Illinois adopt for all taxing districts a restriction that no taxing district may levy a tax on any parcel of real property that is more than 103% 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?

For the purpose of this advisory question, "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."

The votes on the question shall be recorded as "Yes" or "No".

Section 10. Certification. The State Board of Elections shall immediately certify the question set forth in Section 5 to be submitted to the voters of the entire State to each election authority in Illinois.

Section 15. Repeal. This Act is repealed on January 1, 2027.