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IL HB1726

Bill

Official Source

Status

Introduced

1/24/2025

Primary Sponsor

Amy Elik

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Allows property taxpayers in tax years 2026 and 2027 to pay a reduced amount when filing a property tax protest, rather than paying the full tax due
  • Sets the partial payment amount at 100% of the previous year's property tax liability plus 50% of any increase over the previous year
  • Requires taxpayers using partial payment protest to file a letter with the county collector specifying amounts paid and unpaid for each parcel
  • Mandates taxpayers notify the county collector at each stage of the property tax appeal process using a standardized form created by the Department of Revenue
  • Remaining tax liability plus penalties and interest becomes due within 30 days after the taxpayer exhausts all administrative and judicial review options

Legislative Description

PROP TX-PROTEST PAYMENTS

Last Action

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

3/21/2025

Committee Referrals

Rules3/21/2025
Tax Policy: Other Taxes3/3/2025
Revenue & Finance2/18/2025
Rules1/28/2025

Full Bill Text

No bill text available