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HB5549 - 104th General Assembly
PROPERTY TAX EXTENSION CAP
Last Action
Statutes Amended In Order of Appearance
35 ILCS 200/18-121 new
35 ILCS 200/18-205a new
Synopsis As Introduced
Amends the Property Tax Code. Provides that whether or not a county is subject to the Property Tax Extension Limitation Law, if that county has enjoyed, and continues to enjoy, an aggregate extension increase of not less than 4.5% per year, and this aggregate extension increase has been enjoyed and is enjoyed cumulatively and in compound fashion for a period of not less than 3 years, then in the fourth and in all succeeding years the county shall be subject to an aggregate extension limitation increase that shall not exceed 3% per year. Provides that an exception to this countywide aggregate extension increase of 3% per year shall be enjoyed by a county that successfully seeks approval by referendum from release from this cap on countywide aggregate extensions.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/06/2026 | House | Filed with the Clerk by Rep. Bradley Fritts |
| 2/13/2026 | House | First Reading |
| 2/13/2026 | House | Referred to Rules Committee |