# Illinois HB2642: PROP TX-AGGREGATE EXTENSION

Illinois HB2642, PROP TX-AGGREGATE EXTENSION, is a 104th General Assembly (2025–2026) House bill sponsored by Martin McLaughlin (Republican); status in committee, last action 2026-03-27 (Rule 19(a) / Re-referred to Rules Committee) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-HB2642-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois HB2642
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: PROP TX-AGGREGATE EXTENSION
- Status: in committee
- Chamber: House
- Introduced: 2025-02-04
- Last action: 2026-03-27, Rule 19(a) / Re-referred to Rules Committee
- Sponsor: Martin McLaughlin (Republican)
- Cosponsors: 1
- Subjects: revenue & finance
- Touches household money: no
- Economic provisions PRIA read: 0

## 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Martin McLaughlin (Republican), House
- Cosponsor: Kevin Schmidt (Republican), House

## Actions (10)

- 2026-03-27: Rule 19(a) / Re-referred to Rules Committee (House)
- 2026-02-26: To Tax Policy: Other Taxes Subcommittee (House)
- 2026-02-24: Assigned to Revenue & Finance Committee (House)
- 2025-10-27: Added Co-Sponsor Rep. Kevin Schmidt (House)
- 2025-03-21: Rule 19(a) / Re-referred to Rules Committee (House)
- 2025-03-06: To Tax Policy: Other Taxes Subcommittee (House)
- 2025-03-04: Assigned to Revenue & Finance Committee (House)
- 2025-02-06: Referred to Rules Committee (House)
- 2025-02-06: First Reading (House)
- 2025-02-04: Filed with the Clerk by Rep. Martin McLaughlin (House)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB2642.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB2642.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-HB2642-2025-2026 (as of 2026-11-01).