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Amends the Bond Authorization Act. Provides that the authority of a public corporation to levy taxes in connection with the payment of bonds or other evidences of indebtedness ceases upon the maturity date of the bond or other evidence of indebtedness or upon the discharge of the debt, whichever comes first. Effective immediately.
Introduced
Jan 28, 2025
Last Action
Feb 26, 2026
Session
IL 104th
Sponsors
1 primary · 0 co
To Tax Policy: Finance Subcommittee
Assigned to Revenue & Finance Committee
Rule 19(a) / Re-referred to Rules Committee
To Tax Policy: Finance Subcommittee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Dan Ugaste
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
To Tax Policy: Finance Subcommittee