Bill Status of HB3724

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HB3724 - 104th General Assembly

PROP TX-GENERAL HOMESTEAD
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
Statutes Amended In Order of Appearance
35 ILCS 200/15-175
Synopsis As Introduced
Amends the Property Tax Code. Provides that, beginning with the 2026 tax year (to be collected in 2027), the total tax bill for property receiving the General Homestead Exemption may not exceed 103% of the total property tax bill for the property for the immediately preceding taxable year. Contains provisions concerning the reallocation of property tax liability.
Actions
Date Chamber Action
2/07/2025 House Filed with the Clerk by Rep. Joe C. Sosnowski
2/18/2025 House First Reading
2/18/2025 House Referred to Rules Committee
3/11/2025 House Assigned to Revenue & Finance Committee
3/13/2025 House To Tax Policy: Other Taxes Subcommittee
3/18/2025 House Added Co-Sponsor Rep. Kevin Schmidt
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee
6/10/2025 House Added Co-Sponsor Rep. Michael J. Coffey, Jr.
8/14/2025 House Added Co-Sponsor Rep. Brad Stephens