Bill Status of HB 1321   104th General Assembly

Short Description:  PROP TX-TAX DISTRICT SURPLUS

House Sponsors
Rep. Dan Ugaste, Tony M. McCombie and Kevin Schmidt

Last Action  View All Actions

DateChamber Action
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/30-32 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that no taxing district may hold more than 150% of the previous levy year's property tax collections in cash or cash-equivalent assets. Provides that excess amounts shall be refunded to taxpayers. Effective immediately.

Actions 
DateChamber Action
  1/14/2025HouseFiled with the Clerk by Rep. Dan Ugaste
  1/21/2025HouseAdded Co-Sponsor Rep. Tony M. McCombie
  1/28/2025HouseFirst Reading
  1/28/2025HouseReferred to Rules Committee
  2/11/2025HouseAssigned to Revenue & Finance Committee
  2/25/2025HouseTo Finance Subcommittee
  3/18/2025HouseAdded Co-Sponsor Rep. Kevin Schmidt
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

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