Illinois General Assembly - Bill Status for HB3390

Synopsis As Introduced
Amends the Property Tax Code. Provides that, beginning with the 2024 tax year (to be collected in 2025), 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, unless the increase in the property tax liability is attributable to improvements to the property. Contains provisions concerning the reallocation of property tax liability.

Actions

Date	Chamber	Action
2/17/2023	House	Filed with the Clerk by Rep. Joe C. Sosnowski
2/17/2023	House	First Reading
2/17/2023	House	Referred to Rules Committee
2/28/2024	House	Assigned to Revenue & Finance Committee
3/8/2024	House	To Revenue - Property Tax Subcommittee
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee

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