Bill Status of SB2995  103rd General Assembly

Short Description:  SCHOOL CD-PROPERTY TAX RELIEF

Senate Sponsors
Sen. Tom Bennett

Last Action
DateChamber Action
  2/2/2024SenateReferred to Assignments

Statutes Amended In Order of Appearance
30 ILCS 105/5.1015 new
105 ILCS 5/2-3.204 new


Synopsis As Introduced
Amends the School Code. Provides that the State Board of Education shall establish and administer a program to award property tax relief grants to property taxpayers within school districts in this State. Provides that the State Board of Education shall work with county clerk's offices in this State to determine the amount given to each property taxpayer. Provides that moneys awarded to property taxpayers shall be distributed pro rata based on the amount a property taxpayer paid in taxes in the previous fiscal year. Creates the Education Property Tax Relief Fund as a special fund in the State treasury for the purpose of awarding grants. Amends the State Finance Act to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/2/2024SenateFiled with Secretary by Sen. Tom Bennett
  2/2/2024SenateFirst Reading
  2/2/2024SenateReferred to Assignments