IllinoisHB1199104th General Assembly (2025–2026)House

PROP TX-EXTENSION LIMITATION

Sponsored By: Rita Mayfield (Democratic)

In Committee

Summary

Amends the Property Tax Code. Provides that, notwithstanding any other provision of law, beginning in taxable year 2026, no county clerk may extend against any property an annual property tax that exceeds the amount generated by multiplying the property tax liability for the property in the immediately preceding taxable year by one plus the percentage increase, if any, in the Consumer Price Index for the 12-month period ending in September of the immediately preceding taxable year, unless the increase in the property tax liability is the result of improvements to the property or the result of the removal of one or more exemptions that were granted with respect to the property for the immediately preceding taxable year. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Rita Mayfield

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

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

    3/21/2025House
  2. To Property Tax Subcommittee

    2/25/2025House
  3. Assigned to Revenue & Finance Committee

    2/11/2025House
  4. Referred to Rules Committee

    1/9/2025House
  5. First Reading

    1/9/2025House
  6. Filed with the Clerk by Rep. Rita Mayfield

    1/9/2025House

Bill Text

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