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IL HB4417

Bill

Official Source

Status

Introduced

1/7/2022

Primary Sponsor

Chris Miller

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Amends the Property Tax Code by adding Division 5.2 to Article 18 regarding property tax rate caps
  • Limits all taxing districts from extending or levying taxes on any property in an amount greater than $2 per $100 of equalized assessed valuation for tax years beginning January 1, 2022 and beyond
  • Applies notwithstanding any other law, establishing a statewide cap on property tax rates
  • Takes effect immediately upon becoming law

Legislative Description

PROP TX-RATE CAP

Last Action

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

2/18/2022

Committee Referrals

Rules2/18/2022
Property Tax2/15/2022
Revenue & Finance2/9/2022
Rules1/21/2022

Full Bill Text

No bill text available