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Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, notwithstanding any other provision of law, beginning in levy year 2026, if a specified taxing district provided a property tax abatement under a specified provision of the Energy Community Reinvestment Act in any levy year occurring before the current levy year and if the taxing district was subject to the Property Tax Extension Limitation Law in the levy year of the abatement, then the district's aggregate extension base for each subsequent levy year after the levy year of the abatement but not earlier than levy year 2026 shall be calculated as through the district's aggregate extension for the levy year in which the abatement was granted included the amount of the abatement. Effective immediately.
Introduced
Jan 20, 2026
Last Action
Feb 26, 2026
Session
IL 104th
Sponsors
1 primary · 4 co
To Property Tax Subcommittee
Added Chief Co-Sponsor Rep. Rita Mayfield
Added Chief Co-Sponsor Rep. Tracy Katz Muhl
Added Chief Co-Sponsor Rep. Bob Morgan
Added Chief Co-Sponsor Rep. Daniel Didech
Assigned to Revenue & Finance Committee
Removed Co-Sponsor Rep. Daniel Didech
Added Co-Sponsor Rep. Daniel Didech
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Joyce Mason
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
To Property Tax Subcommittee