IllinoisHB2642104th General Assembly (2025–2026)House

PROP TX-AGGREGATE EXTENSION

Sponsored By: Martin McLaughlin (Republican)

In Committee

Summary

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the limiting rate shall be calculated using the highest aggregate extension from any year in which the taxing district was subject to the Property Tax Extension Limitation Law (currently, the last 3 preceding levy years). Provides that an aggregate extension established for a levy year in which the taxing district was authorized to temporarily increase its limiting rate or its extension limitation may not be used.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Martin McLaughlin

    Republican • House

Cosponsors

  • Kevin Schmidt

    Republican • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

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

    3/27/2026House
  2. To Tax Policy: Other Taxes Subcommittee

    2/26/2026House
  3. Assigned to Revenue & Finance Committee

    2/24/2026House
  4. Added Co-Sponsor Rep. Kevin Schmidt

    10/27/2025House
  5. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  6. To Tax Policy: Other Taxes Subcommittee

    3/6/2025House
  7. Assigned to Revenue & Finance Committee

    3/4/2025House
  8. Referred to Rules Committee

    2/6/2025House
  9. First Reading

    2/6/2025House
  10. Filed with the Clerk by Rep. Martin McLaughlin

    2/4/2025House

Bill Text

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