Illinois General Assembly - Bill Status for SB2695
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of SB2695  103rd General Assembly


Senate Sponsors
Sen. Julie A. Morrison

Last Action
DateChamber Action
  1/31/2024SenateAssigned to Revenue

Statutes Amended In Order of Appearance
35 ILCS 200/9-145

Synopsis As Introduced
Amends the Property Tax Code. Provides that, for assessment years following the next general assessment after the effective date of the amendatory Act, no increase in assessment may exceed 20% per year. Provides exceptions if: (1) the property is sold, transferred, or conveyed during the taxable year; (2) significant improvements were made to the property; (3) a homestead exemption or other preferential method of assessment was removed with respect to that property during the taxable year; or (4) the increase was due to an equalization factor imposed by the township, county, or Department of Revenue. Effective immediately.

DateChamber Action
  1/10/2024SenateFiled with Secretary by Sen. Julie A. Morrison
  1/10/2024SenateFirst Reading
  1/10/2024SenateReferred to Assignments
  1/31/2024SenateAssigned to Revenue
  3/1/2024SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Julie A. Morrison
  3/1/2024SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/5/2024SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  3/15/2024SenateRule 2-10 Committee Deadline Established As April 5, 2024
  4/5/2024SenateRule 2-10 Committee Deadline Established As May 3, 2024

Back To Top