· IL legislature · 104th

PROP TX-ABATEMENTS

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…

Sponsor

C.D. Davidsmeyer (R-IL)

Introduced

2025-01-16

Policy area

Taxation

Latest action

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