Illinois General Assembly - Bill Status for HB0009

Synopsis As Introduced
Amends the School Code. Provides that the State Board of Education shall establish and administer a program to award property tax relief grants to school districts in this State. Provides that, in exchange for receiving a grant, a 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 an adjusted maximum aggregate property tax extension for that taxable year. Creates the Education Property Tax Relief Fund as a special fund in the State treasury for the purpose of awarding grants. Sets forth provisions concerning the Education Property Tax Relief Fund. Amends the State Finance Act to make conforming changes. Effective immediately.

Actions

Date	Chamber	Action
12/2/2024	House	Prefiled with Clerk by Rep. Dan Ugaste
1/9/2025	House	First Reading
1/9/2025	House	Referred to Rules Committee
2/4/2025	House	Assigned to Revenue & Finance Committee

×