Illinois House of Representatives bill in Session 104.
Status: in_committee. Latest action: March 27, 2026.
PROP TX-TAX DISTRICT SURPLUS.
Amends the Property Tax Code. Provides that no taxing district may hold more than 150% of the previous levy year's property tax collections in cash or cash-equivalent assets. Provides that excess amounts shall be refunded to taxpayers. Effective immediately.
| Date | Event | Detail |
|---|---|---|
| 2025-01-28 | Introduced | Bill introduced |
| 2026-03-27 | Status | in_committee |
| 2026-03-27 | Latest Action | 3/27/2026 - House: |