Loading chat...

IL HB3340

Bill

Official Source

Status

Introduced

2/7/2025

Primary Sponsor

Thaddeus Jones

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Creates a Property Tax Reduction Pilot Program for taxable years 2026 through 2031
  • Caps total property tax liability at $5,000 for residential properties in five Cook County townships: Bloom, Rich, Bremen, Thornton, and Calumet
  • Property owners pay the lesser of their actual property tax bill or the $5,000 cap
  • Amends the Property Tax Code by adding Division 5.2 to Article 18

Legislative Description

PROP TX-REDUCTION PILOT PRG

Last Action

Assigned to Revenue & Finance Committee

3/12/2026

Committee Referrals

Revenue & Finance3/12/2026
Rules3/21/2025
Tax Policy: Other Taxes3/13/2025
Revenue & Finance3/11/2025
Rules2/18/2025

Full Bill Text

No bill text available