IL HB1024

Creates the Prohibition of Closed-Door Tax Increases Act, requiring all local government tax increases to be approved by voter referendum

Mandates that all tax increase referendums include a sunset clause specifying when the increase will expire

Tax increases for debt service must sunset no later than the scheduled debt payoff date; tax increases for other purposes must sunset within 10 years of taking effect

Prescribes specific referendum ballot language that must include the tax name, old rate, new rate, effective date, purpose, and expiration date

Limits home rule unit taxing powers to comply with the Act, while preserving local government authority to impose or increase nontax fines and fees