HB3391 - Taxpayer Protection Act

• Prohibits extension or reissuance of referendum-approved bonds or debt without a separate referendum authorization.

• Requires a one-year waiting period between retirement of a referendum-approved bond and submission of a new referendum bond question to voters.

• Requires a one-year waiting period between consecutive referendum questions on bond issuance or debt incurrence for the same governmental unit or school district.

• Establishes bond and debt issuance as exclusive state powers, denying home rule units authority to regulate these matters under Article VII of the Illinois Constitution.

• Requires school districts to distribute informational fact sheets to all voting-age residents at least 30 days before submitting bond or property tax increase referendums, including project descriptions, cost estimates, and projected tax impacts.