Illinois General Assembly - Bill Status for HB4083

Synopsis As Introduced
Amends the Property Tax Code. Provides that each taxing district shall continuously monitor its cash and cash-equivalent assets. Provides that if, on the last day of the taxing district's fiscal year, the taxing district has an amount in cash or cash-equivalent assets that is more than 5 times its average annual revenue from all sources for the 3 immediately preceding calendar years, then the taxing district shall review its property tax levy and extension with the goal of granting an abatement to its taxpayers. Provides for notification to taxpayers.

Actions

Date	Chamber	Action
5/10/2023	House	Filed with the Clerk by Rep. John Egofske
5/10/2023	House	First Reading
5/10/2023	House	Referred to Rules Committee

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