Illinois General Assembly - Bill Status for HB3486

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

Date	Chamber	Action
2/17/2023	House	Filed with the Clerk by Rep. Mark L. Walker
2/17/2023	House	First Reading
2/17/2023	House	Referred to Rules Committee
2/28/2023	House	Assigned to Revenue & Finance Committee
3/2/2023	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker
3/2/2023	House	House Committee Amendment No. 1 Referred to Rules Committee
3/9/2023	House	To Revenue - Property Tax Subcommittee
3/10/2023	House	Rule 19(a) / Re-referred to Rules Committee

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