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Revenue-state Property

In committee: it can still change before the session ends.

IL HB 4730 · House Bill · 103rd

Stage
In committee
Started in
House
Sponsor
1
Latest action
Apr 5, 2024

What it does

Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue shall reimburse eligible municipalities for revenue loss associated with tax exempt State property located in the municipality. Provides that the aggregate amount of reimbursements for all taxing districts in any calendar year may not exceed $100,000,000. Sets forth the amount of the reimbursement. Effective immediately.

Read the full text

Where it stands

  1. Introduced (Done)

  2. Committee (Current step)

    In committee · Apr 5, 2024

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money in Illinois.

Work with this bill

REVENUE-STATE PROPERTY | 52