Illinois General Assembly - Bill Status for HB3724
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 Bill Status of HB3724  104th General Assembly

Short Description:  PROP TX-GENERAL HOMESTEAD

House Sponsors
Rep. Joe C. Sosnowski and Kevin Schmidt

Last Action
DateChamber Action
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/15-175


Synopsis As Introduced
Amends the Property Tax Code. Provides that, beginning with the 2026 tax year (to be collected in 2027), the total tax bill for property receiving the General Homestead Exemption may not exceed 103% of the total property tax bill for the property for the immediately preceding taxable year. Contains provisions concerning the reallocation of property tax liability.

Actions 
DateChamber Action
  2/7/2025HouseFiled with the Clerk by Rep. Joe C. Sosnowski
  2/18/2025HouseFirst Reading
  2/18/2025HouseReferred to Rules Committee
  3/11/2025HouseAssigned to Revenue & Finance Committee
  3/13/2025HouseTo Tax Policy: Other Taxes Subcommittee
  3/18/2025HouseAdded Co-Sponsor Rep. Kevin Schmidt
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

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