Date	Chamber	Action
1/28/2025	House	Referred to Rules Committee

Statutes Amended In Order of Appearance

35 ILCS 200/9-162 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that, beginning with the 2026 assessment year, the valuation of property in any general assessment year may not exceed (i) 101% of the value of the property in the previous tax year if the property is residential or (ii) 102% of the value of the property in the previous tax year if the property is not residential. Provides that the limitation does not apply if the increase in value is due to an addition, modification, or improvement to the property or if there has been a change in ownership of the property during the previous tax year. Preempts the power of home rule units to tax.

Actions 

Date	Chamber	Action
1/21/2025	House	Filed with the Clerk by Rep. Brad Halbrook
1/28/2025	House	First Reading
1/28/2025	House	Referred to Rules Committee

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