· IL legislature · 104th

PROP TX-TAX DISTRICT SURPLUS

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.

Sponsor

Dan Ugaste (R-IL)

Introduced

2025-01-14

Policy area

Taxation

Latest action

Rule 19(a) / Re-referred to Rules Committee