104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB2543 Introduced , by Rep. Joe C. Sosnowski SYNOPSIS AS INTRODUCED: 35 ILCS 200/Art. 18 Div. 5.2 heading new35 ILCS 200/18-249.6 new Amends the Property Tax Code. Provides for a non-binding, advisory referendum on the question of whether a taxing district should reduce its aggregate extension by up to 10% from its aggregate extension for the previous taxable year. Provides that the referendum shall be initiated by a petition signed by a number of registered voters of the taxing district that is equal to or greater than 1% but less than 5% of the total number of votes cast in the taxing district in the preceding general election. Provides for a binding referendum on the question of whether a taxing district shall reduce its aggregate extension by up to 10% from its aggregate extension for the previous taxable year. Provides that the referendum shall be initiated by a petition signed by a number of registered voters of a taxing district that is equal to or greater than 5% of the total number of votes cast in the taxing district in the preceding general election. Preempts the power of home rule units to tax. Effective immediately. LRB104 08609 HLH 18661 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB2543 Introduced , by Rep. Joe C. Sosnowski SYNOPSIS AS INTRODUCED: 35 ILCS 200/Art. 18 Div. 5.2 heading new35 ILCS 200/18-249.6 new 35 ILCS 200/Art. 18 Div. 5.2 heading new 35 ILCS 200/18-249.6 new Amends the Property Tax Code. Provides for a non-binding, advisory referendum on the question of whether a taxing district should reduce its aggregate extension by up to 10% from its aggregate extension for the previous taxable year. Provides that the referendum shall be initiated by a petition signed by a number of registered voters of the taxing district that is equal to or greater than 1% but less than 5% of the total number of votes cast in the taxing district in the preceding general election. Provides for a binding referendum on the question of whether a taxing district shall reduce its aggregate extension by up to 10% from its aggregate extension for the previous taxable year. Provides that the referendum shall be initiated by a petition signed by a number of registered voters of a taxing district that is equal to or greater than 5% of the total number of votes cast in the taxing district in the preceding general election. Preempts the power of home rule units to tax. Effective immediately. LRB104 08609 HLH 18661 b LRB104 08609 HLH 18661 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB2543 Introduced , by Rep. Joe C. Sosnowski SYNOPSIS AS INTRODUCED: 35 ILCS 200/Art. 18 Div. 5.2 heading new35 ILCS 200/18-249.6 new 35 ILCS 200/Art. 18 Div. 5.2 heading new 35 ILCS 200/18-249.6 new 35 ILCS 200/Art. 18 Div. 5.2 heading new 35 ILCS 200/18-249.6 new Amends the Property Tax Code. Provides for a non-binding, advisory referendum on the question of whether a taxing district should reduce its aggregate extension by up to 10% from its aggregate extension for the previous taxable year. Provides that the referendum shall be initiated by a petition signed by a number of registered voters of the taxing district that is equal to or greater than 1% but less than 5% of the total number of votes cast in the taxing district in the preceding general election. Provides for a binding referendum on the question of whether a taxing district shall reduce its aggregate extension by up to 10% from its aggregate extension for the previous taxable year. Provides that the referendum shall be initiated by a petition signed by a number of registered voters of a taxing district that is equal to or greater than 5% of the total number of votes cast in the taxing district in the preceding general election. Preempts the power of home rule units to tax. Effective immediately. LRB104 08609 HLH 18661 b LRB104 08609 HLH 18661 b LRB104 08609 HLH 18661 b A BILL FOR HB2543LRB104 08609 HLH 18661 b HB2543 LRB104 08609 HLH 18661 b HB2543 LRB104 08609 HLH 18661 b 1 AN ACT concerning revenue. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Property Tax Code is amended by adding 5 Division 5.2 to Article 18 as follows: 6 (35 ILCS 200/Art. 18 Div. 5.2 heading new) 7 Division 5.2. Taxpayer Empowerment Law 8 (35 ILCS 200/18-249.6 new) 9 Sec. 18-249.6. Referenda to decrease the taxing district's 10 aggregate extension. 11 (a) Notwithstanding any other provision of law, upon 12 submission of a petition signed by a number of registered 13 voters of a taxing district that is equal to or greater than 1% 14 but less than 5% of the total number of votes cast in the 15 taxing district in the preceding general election, a 16 non-binding, advisory referendum on the question of whether 17 the taxing district should reduce its aggregate extension by 18 up to 10% from its aggregate extension for the previous 19 taxable year shall be submitted to the voters of the taxing 20 district at the next regularly scheduled general or 21 consolidated election in accordance with the Election Code; 22 however, in no event shall a question under this Section be 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB2543 Introduced , by Rep. Joe C. Sosnowski SYNOPSIS AS INTRODUCED: 35 ILCS 200/Art. 18 Div. 5.2 heading new35 ILCS 200/18-249.6 new 35 ILCS 200/Art. 18 Div. 5.2 heading new 35 ILCS 200/18-249.6 new 35 ILCS 200/Art. 18 Div. 5.2 heading new 35 ILCS 200/18-249.6 new Amends the Property Tax Code. Provides for a non-binding, advisory referendum on the question of whether a taxing district should reduce its aggregate extension by up to 10% from its aggregate extension for the previous taxable year. Provides that the referendum shall be initiated by a petition signed by a number of registered voters of the taxing district that is equal to or greater than 1% but less than 5% of the total number of votes cast in the taxing district in the preceding general election. Provides for a binding referendum on the question of whether a taxing district shall reduce its aggregate extension by up to 10% from its aggregate extension for the previous taxable year. Provides that the referendum shall be initiated by a petition signed by a number of registered voters of a taxing district that is equal to or greater than 5% of the total number of votes cast in the taxing district in the preceding general election. Preempts the power of home rule units to tax. Effective immediately. LRB104 08609 HLH 18661 b LRB104 08609 HLH 18661 b LRB104 08609 HLH 18661 b A BILL FOR 35 ILCS 200/Art. 18 Div. 5.2 heading new 35 ILCS 200/18-249.6 new LRB104 08609 HLH 18661 b HB2543 LRB104 08609 HLH 18661 b HB2543- 2 -LRB104 08609 HLH 18661 b HB2543 - 2 - LRB104 08609 HLH 18661 b HB2543 - 2 - LRB104 08609 HLH 18661 b 1 submitted at a primary election. 2 (b) Notwithstanding any other provision of law, upon 3 submission of a petition signed by a number of registered 4 voters of a taxing district that is equal to or greater than 5% 5 of the total number of votes cast in the taxing district in the 6 preceding general election, a binding referendum on the 7 question of whether the taxing district shall reduce its 8 aggregate extension by up to 10% from its aggregate extension 9 for the previous taxable year shall be submitted to the voters 10 of the taxing district at the next regularly scheduled general 11 or consolidated election in accordance with the Election Code; 12 however, in no event shall a question under this Section be 13 submitted at a primary election. 14 (c) Petitions under subsection (a) or (b) may be 15 circulated no earlier than 12 months prior to the date the 16 petition is filed under this subsection. A petition under 17 subsection (a) or (b) shall be filed with the applicable 18 election authority, as defined in Section 1-3 of the Election 19 Code, or, in the case of multiple election authorities, with 20 the State Board of Elections, in the time and manner specified 21 in Article 28 of the Election Code. The validity of petitions 22 under subsections (a) or (b) shall be determined as provided 23 by Article 28 of the Election Code. The election authority or 24 Board, as applicable, shall certify the question and the 25 proper election authority or authorities shall submit the 26 question to the voters. Except as otherwise provided in this HB2543 - 2 - LRB104 08609 HLH 18661 b HB2543- 3 -LRB104 08609 HLH 18661 b HB2543 - 3 - LRB104 08609 HLH 18661 b HB2543 - 3 - LRB104 08609 HLH 18661 b 1 Section, this referendum shall be subject to all other general 2 election law requirements. 3 (d) The proposition seeking to reduce the taxing 4 district's aggregate extension shall be in substantially the 5 following form: 6 "Should the aggregate extension for (taxing district) 7 be reduced from (previous levy year's extension) to 8 (proposed extension, which may be up to 10% less than the 9 previous levy year's extension) for (levy year)?" 10 Votes shall be recorded as "Yes" or "No". 11 If the referendum is a binding referendum as provided in 12 subsection (b), and a majority of all votes cast on the 13 proposition are in favor of the proposition, then, for the 14 levy year immediately after the levy year in which the 15 election is held, the taxing district's aggregate extension 16 shall be reduced as provided in the referendum. 17 (e) As used in this Section: 18 "Aggregate extension" means the annual corporate extension 19 for the taxing district and those special purpose extensions 20 that are made annually for the taxing district. 21 "Taxing district" has the same meaning provided in Section 22 1-150. 23 (f) This Section is a limitation on the power of home rule 24 units to tax under subsection (g) of Section 6 of Article VII 25 of the Illinois Constitution. 26 (g) If there is a conflict between a provision of this HB2543 - 3 - LRB104 08609 HLH 18661 b HB2543- 4 -LRB104 08609 HLH 18661 b HB2543 - 4 - LRB104 08609 HLH 18661 b HB2543 - 4 - LRB104 08609 HLH 18661 b 1 Section and another law of this State, including, but not 2 limited to, the Property Tax Extension Limitation Law and the 3 Election Code, this Section controls. HB2543 - 4 - LRB104 08609 HLH 18661 b