Bill Status of HB 3486   103rd General Assembly


Short Description:  SCHOOL CD-PROPERTY TAX RELIEF

House Sponsors
Rep. Mark L. Walker

Last Action  View All Actions

DateChamber Action
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
30 ILCS 105/5.990 new
105 ILCS 5/1A-12 new

Synopsis As Introduced
Amends the School Code. Provides that the State Board of Education shall establish and administer an annual program to award property tax relief grants to school districts in the State. Provides that, in exchange for receiving a grant, the school district's maximum aggregate property tax extension for the taxable year that begins on January 1 of the fiscal year for which the grant is awarded may not exceed a specified maximum aggregate property tax extension. Creates the Education Property Tax Relief Fund for the purpose of making appropriations for the grant program. Amends the State Finance Act to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/17/2023HouseFiled with the Clerk by Rep. Mark L. Walker
  2/17/2023HouseFirst Reading
  2/17/2023HouseReferred to Rules Committee
  2/28/2023HouseAssigned to Revenue & Finance Committee
  3/2/2023HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker
  3/2/2023HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/9/2023HouseTo Revenue - Property Tax Subcommittee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

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