PROP TX-ASSESSMENT LIMIT House SponsorsRep. Tom Weber-Patrick Sheehan, Adam M. Niemerg, Kevin Schmidt, Tim Ozinga, Martin McLaughlin, Chris Miller, Amy L. Grant, Dan Caulkins, Paul Jacobs, Jason Bunting, William E Hauter, Dave Severin, Michael J. Coffey, Jr., Brad Stephens, Christopher "C.D." Davidsmeyer, Joe C. Sosnowski, Brandun Schweizer, Blaine Wilhour, Wayne A Rosenthal, Dan Swanson, Dennis Tipsword, Jr., Steven Reick, Jed Davis, Patrick Windhorst, Rita Mayfield, Dave Vella and Tony M. McCombie 1/7/2025HouseSession Sine Die 35 ILCS 200/9-145 Amends the Property Tax Code. Provides that, in all counties, any change in assessment resulting from reassessment in the general assessment year shall not exceed the lesser of the following: (1) 3% of the assessed value of the property for the prior year; or (2) the percentage change in the Consumer Price Index during the 12-month calendar year preceding the assessment year. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately. 2/2/2024HouseFiled with the Clerk by Rep. Tom Weber 2/6/2024HouseFirst Reading 2/6/2024HouseReferred to Rules Committee 2/6/2024HouseAdded Co-Sponsor Rep. Adam M. Niemerg 2/6/2024HouseAdded Co-Sponsor Rep. Kevin Schmidt 2/6/2024HouseAdded Co-Sponsor Rep. Tim Ozinga 2/6/2024HouseAdded Co-Sponsor Rep. Martin McLaughlin 2/6/2024HouseAdded Co-Sponsor Rep. Chris Miller 2/6/2024HouseAdded Co-Sponsor Rep. Amy L. Grant 2/7/2024HouseAdded Co-Sponsor Rep. Dan Caulkins 2/7/2024HouseAdded Co-Sponsor Rep. Paul Jacobs 2/7/2024HouseAdded Co-Sponsor Rep. Jason Bunting 2/7/2024HouseAdded Co-Sponsor Rep. William E Hauter 2/7/2024HouseAdded Co-Sponsor Rep. Dave Severin 2/7/2024HouseAdded Co-Sponsor Rep. Michael J. Coffey, Jr. 2/7/2024HouseAdded Co-Sponsor Rep. Brad Stephens 2/7/2024HouseAdded Co-Sponsor Rep. Christopher "C.D." Davidsmeyer 2/7/2024HouseAdded Co-Sponsor Rep. Joe C. Sosnowski 2/9/2024HouseAdded Co-Sponsor Rep. Brandun Schweizer 3/5/2024HouseAssigned to Revenue & Finance Committee 3/8/2024HouseTo Revenue - Property Tax Subcommittee 3/14/2024HouseAdded Co-Sponsor Rep. Blaine Wilhour 3/14/2024HouseAdded Co-Sponsor Rep. Wayne A Rosenthal 3/14/2024HouseAdded Co-Sponsor Rep. Dan Swanson 3/14/2024HouseAdded Co-Sponsor Rep. Dennis Tipsword, Jr. 3/14/2024HouseAdded Co-Sponsor Rep. Steven Reick 3/14/2024HouseAdded Co-Sponsor Rep. Jed Davis 3/14/2024HouseAdded Co-Sponsor Rep. Patrick Windhorst 3/14/2024HouseAdded Co-Sponsor Rep. Rita Mayfield 3/14/2024HouseAdded Co-Sponsor Rep. Dave Vella 3/14/2024HouseAdded Co-Sponsor Rep. Tony M. McCombie 4/5/2024HouseRule 19(a) / Re-referred to Rules Committee 4/18/2024HouseAdded Chief Co-Sponsor Rep. Patrick Sheehan 1/7/2025HouseSession Sine Die