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<xml>
<title>Illinois General Assembly - Bill Status for SB 3326         </title>
<shortdesc>PROP TX-INDEMNITY FUND</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Steve Stadelman</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/21-300</reference><aliasreference></aliasreference><SynopsisText>Amends the Property Tax Code. Provides that, in counties with fewer than 3,000,000 inhabitants, the amount in the indemnity fund shall not be less than 0.03% of the total equalized assessed valuation of the property in the county or $25,000 (currently, $50,000), whichever is greater.</SynopsisText></synopsis>
<actions>
<statusdate>2/7/2024</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Steve Stadelman</action>
<statusdate>2/7/2024</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/7/2024</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/20/2024</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/15/2024</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 5, 2024</action>
<statusdate>4/5/2024</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 3, 2024</action>
<statusdate>5/3/2024</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

