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HB 1321 Illinois House · 104th Regular Session

PROP TX-TAX DISTRICT SURPLUS

Summary
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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesRefunds excess property tax collections to taxpayers, providing direct tax relief and promoting fiscal responsibility per bill's explicit language.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 14, 2025 Last action Mar 27, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
11
Key actions
2
Committee
7
Mar 27, 2026
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 26, 2026
Lower · Passed
To Finance Subcommittee
lower
Feb 24, 2026
Committee
Assigned to Revenue & Finance Committee
lower
Mar 21, 2025
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 25, 2025
Lower · Passed
To Finance Subcommittee
lower
Feb 11, 2025
Committee
Assigned to Revenue & Finance Committee
lower
Jan 28, 2025
Committee
Referred to Rules Committee
lower
0 primary · 2 co-sponsors

Sponsors

No sponsor information available.