HB3824 Bill Summary

• For 2022 and 2023 levy years, sets extension limitation to 0% (or voter-approved rate) for taxing districts with population of 25,000 or more, including home rule units, unless they were already subject to the law or made subject by referendum.

• Taxing districts with population less than 25,000 retain the standard extension limitation of lesser of 5% or Consumer Price Index increase for 2022 and 2023 levy years.

• Prohibits referenda on applicability of Property Tax Extension Limitation Law between January 1, 2022 and January 1, 2024.

• Designates Division 5 (Property Tax Extension Limitation Law) as a constitutional limitation on home rule units' taxing powers.

• Takes effect immediately upon becoming law.