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IL SB3638
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Kimberly Lightford
Click for details
AI Summary
- Requires Cook County to reimburse taxing districts when the county is late distributing property tax proceeds it collects on their behalf
- Reimbursement must cover interest the taxing districts would have earned by keeping the tax proceeds in reserves
- Reimbursement must also cover interest taxing districts paid on debts they incurred due to the delayed distributions
- Preempts home rule authority, preventing local units from regulating property tax distribution in ways inconsistent with these requirements
- Amends the Counties Code by adding new Section 5-1195; introduced February 5, 2026 by Sen. Kimberly A. Lightford
Legislative Description
COOK CTY-LOC GOV PAYMENTS
Last Action
Rule 2-10 Committee Deadline Established As April 24, 2026
3/13/2026
Committee Referrals
Revenue2/17/2026
Assignments2/5/2026
Full Bill Text
No bill text available