HB 5549

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: February 13, 2026.

PROPERTY TAX EXTENSION CAP.

Bill ID IL-104-HB-5549
Session 104
Status in_committee
Committee Rules Committee
House of Representatives in_committee 2026-02-13
Tax / Budget / Appropriations
Summary

Amends the Property Tax Code. Provides that whether or not a county is subject to the Property Tax Extension Limitation Law, if that county has enjoyed, and continues to enjoy, an aggregate extension increase of not less than 4.5% per year, and this aggregate extension increase has been enjoyed and is enjoyed cumulatively and in compound fashion for a period of not less than 3 years, then in the fourth and in all succeeding years the county shall be subject to an aggregate extension limitation increase that shall not exceed 3% per year. Provides that an exception to this countywide aggregate extension increase of 3% per year shall be enjoyed by a county that successfully seeks approval by referendum from release from this cap on countywide aggregate extensions.

Sponsor
Bradley Fritts
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-13 Introduced Bill introduced
2026-02-13 Status in_committee
2026-02-13 Latest Action 2/13/2026 - House:
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