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HB 2642

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: March 27, 2026.

PROP TX-AGGREGATE EXTENSION.

Bill ID IL-104-HB-2642
Session 104
Status in_committee
Committee Rules Committee
House of Representatives in_committee 2026-03-27
Summary

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the limiting rate shall be calculated using the highest aggregate extension from any year in which the taxing district was subject to the Property Tax Extension Limitation Law (currently, the last 3 preceding levy years). Provides that an aggregate extension established for a levy year in which the taxing district was authorized to temporarily increase its limiting rate or its extension limitation may not be used.

Sponsor
Martin McLaughlin
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-02-06 Introduced Bill introduced
2026-03-27 Status in_committee
2026-03-27 Latest Action 3/27/2026 - House:
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