Bill Status of HB 4730   103rd General Assembly


Short Description:  REVENUE-STATE PROPERTY

House Sponsors
Rep. Michael J. Coffey, Jr.

Last Action  View All Actions

DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
20 ILCS 2505/2505-810 new

Synopsis As Introduced
Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue shall reimburse eligible municipalities for revenue loss associated with tax exempt State property located in the municipality. Provides that the aggregate amount of reimbursements for all taxing districts in any calendar year may not exceed $100,000,000. Sets forth the amount of the reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/2/2024HouseFiled with the Clerk by Rep. Michael J. Coffey, Jr.
  2/6/2024HouseFirst Reading
  2/6/2024HouseReferred to Rules Committee
  2/28/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue - Property Tax Subcommittee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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