Illinois General Assembly - Bill Status for SB2246

Synopsis As Introduced
Amends the Property Tax Code. Provides that the assessed value of residential property in any general assessment year shall not exceed the assessed value of the property in the last general assessment year multiplied by one plus the percentage change in the Consumer Price Index during the 12-month calendar year immediately preceding the general assessment year for which the reassessment is conducted. 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.

Actions

Date	Chamber	Action
2/7/2025	Senate	Filed with Secretary by Sen. Chapin Rose
2/7/2025	Senate	First Reading
2/7/2025	Senate	Referred to Assignments
2/27/2025	Senate	Added as Co-Sponsor Sen. Jil Tracy
3/4/2025	Senate	Added as Co-Sponsor Sen. Craig Wilcox
3/5/2025	Senate	Added as Co-Sponsor Sen. Li Arellano, Jr.
3/17/2025	Senate	Added as Co-Sponsor Sen. Chris Balkema
3/25/2025	Senate	Added as Co-Sponsor Sen. Andrew S. Chesney

×