104th General Assembly
HB 1321
Prop tx-tax district surplus
Prop TX-Tax District Surplus
In Committee
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
Amends the Property Tax Code. Provides that no taxing district may hold more than 150% of the previous levy year's property tax collections in cash or cash-equivalent assets. Provides that excess amounts shall be refunded to taxpayers. Effective immediately.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Dan Ugaste
HouseILRepublican
Cosponsors
Kevin Schmidt
HouseILRepublican
Tony M. McCombie
HouseIL
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