Illinois · House Bill 4587 · 103rd General Assembly

PROP TX-INTEREST DISTRIBUTION

HB 4587 Sponsored by Joe C. Sosnowski Died in committee

  1. Introduced Jan 25, 2024
  2. In committee Jan 31, 2024
  3. Died  
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Property Tax Code. Provides that interest earned on tax collection accounts may (currently, shall) be disbursed to taxing districts in the same proportionate ratio that the district shared in the distribution of principal taxes to all units of local government. Effective immediately.

Every action

7 steps, oldest first, as the legislature records them.

  1. HouseFiled with the Clerk by Rep. Joe C. Sosnowski
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
  5. CommitteeTo Revenue - Property Tax Subcommittee · House Property Tax Subcommittee
  6. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
  7. HouseSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.