Loading chat...

IL HB4573

Bill

Official Source

Status

Introduced

1/28/2016

Primary Sponsor

John Cabello

Click for details

Origin

House of Representatives

99th General Assembly

AI Summary

  • Adds Section 18-184.15 to the Illinois Property Tax Code establishing a five-year property tax levy reduction period from taxable year 2016 through 2021.

  • Requires county clerks to reduce property taxes levied by each taxing district to a level not exceeding that district's levy from the previous taxable year.

  • Allows county clerks to adjust individual taxpayer bills based solely on changes in the equalized assessed value of the taxpayer's property.

  • Takes effect immediately upon becoming law.

Legislative Description

PROP TX-LEVY REDUCTION

Last Action

Rule 19(a) / Re-referred to Rules Committee

4/8/2016

Committee Referrals

Rules4/8/2016
Property Tax3/29/2016
Revenue & Finance3/23/2016
Rules1/28/2016

Full Bill Text

No bill text available