IL SB4003

Amends Section 2-3.170 of the School Code regarding property tax relief pool grants administered by the State Board of Education.

Prioritizes grant awards to school districts with the highest operating tax rates within their district type (elementary, high school, unit, or tier status as defined under evidence-based funding provisions).

Establishes that grants equal the intended relief amount multiplied by the property tax multiplier, with maximum relief of 1% of equalized assessed valuation (EAV) for unit districts, 0.69% for elementary districts, and 0.31% for high school districts.

Requires school districts receiving grants to file abatement resolutions with county clerks by March 30 of the fiscal year to reduce property tax levies accordingly, with grant payments to be made by June 1 annually.

Takes effect immediately upon becoming law.