Illinois General Assembly - Bill Status for HB4083
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of HB4083  103rd General Assembly

Short Description:  PROP TX-MANDATES

House Sponsors
Rep. John Egofske

Last Action
DateChamber Action
  5/10/2023HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/18-184.25 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that each taxing district shall continuously monitor its cash and cash-equivalent assets. Provides that if, on the last day of the taxing district's fiscal year, the taxing district has an amount in cash or cash-equivalent assets that is more than 5 times its average annual revenue from all sources for the 3 immediately preceding calendar years, then the taxing district shall review its property tax levy and extension with the goal of granting an abatement to its taxpayers. Provides for notification to taxpayers.

DateChamber Action
  5/10/2023HouseFiled with the Clerk by Rep. John Egofske
  5/10/2023HouseFirst Reading
  5/10/2023HouseReferred to Rules Committee

Back To Top