HB 3724 Illinois House · 104th Regular Session

PROP TX-GENERAL HOMESTEAD

Summary

Amends the Property Tax Code. Provides that, beginning with the 2026 tax year (to be collected in 2027), the total tax bill for property receiving the General Homestead Exemption may not exceed 103% of the total property tax bill for the property for the immediately preceding taxable year. Contains provisions concerning the reallocation of property tax liability.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 7, 2025 Last action Aug 14, 2025

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 21, 2025

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Mar 13, 2025

Lower · Passed

To Tax Policy: Other Taxes Subcommittee

lower

Mar 11, 2025

Committee

Assigned to Revenue & Finance Committee

lower

Feb 18, 2025

Committee

Referred to Rules Committee

lower

1 primary · 3 co-sponsors