Illinois 2023-2024 Regular Session

Illinois House Bill HB1263 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1263 Introduced , by Rep. Jeff Keicher SYNOPSIS AS INTRODUCED: 35 ILCS 200/Art. 18 Div. 2.2 heading new35 ILCS 200/18-104 new Amends the Property Tax Code. Provides that each taxing district shall publish specified information concerning the district's property tax rate and extension. Effective immediately. LRB103 05201 HLH 50217 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1263 Introduced , by Rep. Jeff Keicher SYNOPSIS AS INTRODUCED: 35 ILCS 200/Art. 18 Div. 2.2 heading new35 ILCS 200/18-104 new 35 ILCS 200/Art. 18 Div. 2.2 heading new 35 ILCS 200/18-104 new Amends the Property Tax Code. Provides that each taxing district shall publish specified information concerning the district's property tax rate and extension. Effective immediately. LRB103 05201 HLH 50217 b LRB103 05201 HLH 50217 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1263 Introduced , by Rep. Jeff Keicher SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 200/Art. 18 Div. 2.2 heading new35 ILCS 200/18-104 new 35 ILCS 200/Art. 18 Div. 2.2 heading new 35 ILCS 200/18-104 new
4	4	35 ILCS 200/Art. 18 Div. 2.2 heading new
5	5	35 ILCS 200/18-104 new
6	6	Amends the Property Tax Code. Provides that each taxing district shall publish specified information concerning the district's property tax rate and extension. Effective immediately.
7	7	LRB103 05201 HLH 50217 b LRB103 05201 HLH 50217 b
8	8	LRB103 05201 HLH 50217 b
9	9	A BILL FOR
10	10	HB1263LRB103 05201 HLH 50217 b HB1263 LRB103 05201 HLH 50217 b
11	11	HB1263 LRB103 05201 HLH 50217 b
12	12	1 AN ACT concerning revenue.
13	13	2 Be it enacted by the People of the State of Illinois,
14	14	3 represented in the General Assembly:
15	15	4 Section 5. The Property Tax Code is amended by adding
16	16	5 Division 2.2 to Article 18 as follows:
17	17	6 (35 ILCS 200/Art. 18 Div. 2.2 heading new)
18	18	7 Division 2.2. Required disclosures
19	19	8 (35 ILCS 200/18-104 new)
20	20	9 Sec. 18-104. Required disclosures.
21	21	10 (a) As used in this Section:
22	22	11 "Collection year" means the calendar year in which
23	23	12 property taxes levied for the previous calendar year are
24	24	13 collected.
25	25	14 "Levy year" means the taxable year for which property
26	26	15 taxes are levied that are collected in the collection year.
27	27	16 "Taxing district" has the meaning specified in Section
28	28	17 1-150 and includes home rule units.
29	29	18 (b) By February 1 of each collection year, beginning with
30	30	19 the 2024 collection year, each taxing district shall publish
31	31	20 the following information on the taxing district's publicly
32	32	21 accessible website, if the taxing district uses such a
33	33	22 website, and in a newspaper of general circulation published
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37	37	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1263 Introduced , by Rep. Jeff Keicher SYNOPSIS AS INTRODUCED:
38	38	35 ILCS 200/Art. 18 Div. 2.2 heading new35 ILCS 200/18-104 new 35 ILCS 200/Art. 18 Div. 2.2 heading new 35 ILCS 200/18-104 new
39	39	35 ILCS 200/Art. 18 Div. 2.2 heading new
40	40	35 ILCS 200/18-104 new
41	41	Amends the Property Tax Code. Provides that each taxing district shall publish specified information concerning the district's property tax rate and extension. Effective immediately.
42	42	LRB103 05201 HLH 50217 b LRB103 05201 HLH 50217 b
43	43	LRB103 05201 HLH 50217 b
44	44	A BILL FOR
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50	50	35 ILCS 200/Art. 18 Div. 2.2 heading new
51	51	35 ILCS 200/18-104 new
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68	68	HB1263- 2 -LRB103 05201 HLH 50217 b HB1263 - 2 - LRB103 05201 HLH 50217 b
69	69	HB1263 - 2 - LRB103 05201 HLH 50217 b
70	70	1 in the taxing district:
71	71	2 (1) the taxing district's property tax rate for the
72	72	3 levy year;
73	73	4 (2) the taxing district's property tax rate for the
74	74	5 immediately preceding levy year;
75	75	6 (3) the total dollar amount of the taxing district's
76	76	7 extension for the levy year;
77	77	8 (4) the total dollar amount of the taxing district's
78	78	9 extension for the immediately preceding levy year;
79	79	10 (5) the property tax liability for the levy year for
80	80	11 each $100,000 of fair market value.
81	81	12 (c) A home rule unit may not regulate the publication of
82	82	13 property tax information in a manner that is inconsistent with
83	83	14 the regulation by the State of the publication of property tax
84	84	15 information under this Section. This Section is a limitation
85	85	16 under subsection (i) of Section 6 of Article VII of the
86	86	17 Illinois Constitution on the concurrent exercise by home rule
87	87	18 units of powers and functions exercised by the State.
88	88	19 Section 99. Effective date. This Act takes effect upon
89	89	20 becoming law.
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95	95	HB1263 - 2 - LRB103 05201 HLH 50217 b