IllinoisHB3105104th General Assembly (2025–2026)House

PROP TX-SCHOOL DISTRICTS

Sponsored By: Fred Crespo (Democratic)

In Committee

Summary

Amends the Property Tax Code. Creates the School District Extension Freeze Law. Provides that, if at the end of any levy year, a school district has reserves of 50% or more of its operating budget, then the school district's extension for all purposes may not exceed its extension for the previous levy year. Provides that, if the school district has reserves of 60% or more at the end of the immediately preceding levy year, then the district's extension shall be reduced by an amount equal to the difference between the district's reserve amount for the immediately preceding levy year and a reserve amount of 60% for that levy year. Effective July 1, 2025.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Fred Crespo

    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 Tax Policy: Other Taxes Subcommittee

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

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

    2/18/2025House
  5. First Reading

    2/18/2025House
  6. Filed with the Clerk by Rep. Fred Crespo

    2/6/2025House

Bill Text

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