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Amends the Property Tax Code. Provides that, for taxable years 2026 through 2031, the total property tax liability for any parcel of residential property in Bloom, Rich, Bremen, Thornton, or Calumet township for any of those taxable years shall be limited to the lesser of (i) the actual property tax liability for the property or (ii) $5,000.
Introduced
Feb 18, 2025
Last Action
Mar 12, 2026
Session
IL 104th
Sponsors
1 primary · 0 co
Assigned to Revenue & Finance Committee
Rule 19(a) / Re-referred to Rules Committee
To Tax Policy: Other Taxes Subcommittee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Thaddeus Jones
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Assigned to Revenue & Finance Committee