Bill Status of HB 1414   104th General Assembly


Short Description:  PROP TX-ABATEMENTS

House Sponsors
Rep. Christopher "C.D." Davidsmeyer

Last Action  View All Actions

DateChamber Action
  1/28/2025HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/18-185

Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if a taxing district grants a property tax abatement for a defined period of time measured in levy years, then, for the first levy year after the expiration of the abatement, the district's aggregate extension base shall be the taxing district's last preceding aggregate extension, subject to certain adjustments, plus the amount of the expired abatement for the previous levy year. Effective immediately.

Actions 
DateChamber Action
  1/16/2025HouseFiled with the Clerk by Rep. Christopher "C.D." Davidsmeyer
  1/28/2025HouseFirst Reading
  1/28/2025HouseReferred to Rules Committee

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