104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3338 Introduced , by Rep. Thaddeus Jones SYNOPSIS AS INTRODUCED: 20 ILCS 2505/2505-820 new Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue, in consultation with the Governor's Office of Management and Budget, shall conduct a study to determine the feasibility of eliminating, by no later than January 1, 2030, the property tax system in the State and replacing that revenue with income tax receipts. LRB104 08368 HLH 18419 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3338 Introduced , by Rep. Thaddeus Jones SYNOPSIS AS INTRODUCED: 20 ILCS 2505/2505-820 new 20 ILCS 2505/2505-820 new Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue, in consultation with the Governor's Office of Management and Budget, shall conduct a study to determine the feasibility of eliminating, by no later than January 1, 2030, the property tax system in the State and replacing that revenue with income tax receipts. LRB104 08368 HLH 18419 b LRB104 08368 HLH 18419 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3338 Introduced , by Rep. Thaddeus Jones SYNOPSIS AS INTRODUCED: 20 ILCS 2505/2505-820 new 20 ILCS 2505/2505-820 new 20 ILCS 2505/2505-820 new Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue, in consultation with the Governor's Office of Management and Budget, shall conduct a study to determine the feasibility of eliminating, by no later than January 1, 2030, the property tax system in the State and replacing that revenue with income tax receipts. LRB104 08368 HLH 18419 b LRB104 08368 HLH 18419 b LRB104 08368 HLH 18419 b A BILL FOR HB3338LRB104 08368 HLH 18419 b HB3338 LRB104 08368 HLH 18419 b HB3338 LRB104 08368 HLH 18419 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 Department of Revenue Law of the Civil 5 Administrative Code of Illinois is amended by adding Section 6 2505-820 as follows: 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3338 Introduced , by Rep. Thaddeus Jones SYNOPSIS AS INTRODUCED: 20 ILCS 2505/2505-820 new 20 ILCS 2505/2505-820 new 20 ILCS 2505/2505-820 new Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue, in consultation with the Governor's Office of Management and Budget, shall conduct a study to determine the feasibility of eliminating, by no later than January 1, 2030, the property tax system in the State and replacing that revenue with income tax receipts. LRB104 08368 HLH 18419 b LRB104 08368 HLH 18419 b LRB104 08368 HLH 18419 b A BILL FOR 20 ILCS 2505/2505-820 new LRB104 08368 HLH 18419 b HB3338 LRB104 08368 HLH 18419 b