HB1496
View on ILGAPROP TX-LIMIT ASSESSMENTS
What this bill does
Amends the Property Tax Code. Provides that, beginning with the 2026 assessment year, the valuation of property in any general assessment year may not exceed (i) 101% of the value of the property in the previous tax year if the property is residential or (ii) 102% of the value of the property in the previous tax year if the property is not residential. Provides that the limitation does not apply if the increase in value is due to an addition, modification, or improvement to the property or if there has been a change in ownership of the property during the previous tax year. Preempts the power of home rule units to tax.
Calculating prediction drivers...
Pipeline Progress
Current stage: In Committee · Last action 164 days ago · STAGNANT
How does a bill become law in Illinois?
-
Introduction of Bill
A member of the Senate or the House introduces a bill, which is assigned a unique identifying number (e.g., "H.B. ___" for House bills and "S.B. ___" for Senate bills). If not enacted, it must be reintroduced in the next General Assembly with a new number.
-
Committee Work — Hearings
The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.
-
Committee Work — Markup, Amendments, Report
The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.
-
Floor Debate
The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.
-
Passage and Consideration in Second Chamber
If the bill passes in the first chamber, it moves to the second chamber for a similar review process. If both chambers approve, it goes to the governor.
-
Gubernatorial Action
The governor can sign the bill into law, veto it, or take no action (resulting in an automatic law after 60 days). The type of veto can be total or amendatory. Once signed, the bill becomes a Public Act and is assigned a Public Act number.
Sponsor Context
Hearings
This bill has not been scheduled for a committee hearing.
Witness slips
5 slips filed. Proponent / opponent / no position as filed with the committee.
| Name | Organization | Representing | Position | Hearing committee | Hearing date |
|---|---|---|---|---|---|
| John Coultas | Illinois Municipal League | Illinois Municipal League | Opponent | Revenue & Finance | 2025-03-20 |
| Sarah Doerr | Illinois Municipal League | Illinois Municipal League | Opponent | Revenue & Finance | 2025-03-20 |
| John Coultas | Illinois Municipal League | Illinois Municipal League | Opponent | Revenue & Finance | 2025-03-11 |
| John Coultas | Illinois Municipal League | Illinois Municipal League | Opponent | Revenue & Finance | 2025-03-06 |
| John Coultas | Illinois Municipal League | Illinois Municipal League | Opponent | Revenue & Finance | 2025-02-27 |
Action History
21 actions recorded. Last action: 2025-10-27 — Added Co-SponsorRep. Kevin Schmidt. Each action's meaning and outcome signal are classified automatically.
All actions (table)
| Date | Chamber | Action | Category | Signal |
|---|---|---|---|---|
| 2025-01-21 | House | Filed with the Clerk byRep. Brad Halbrook House Rule 6(b) | Introduction & Filing | — |
| 2025-01-28 | House | First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 | Introduction & Filing | — |
| 2025-01-28 | House | Referred toRules Committee Senate Rule 3-8(a); House Rule 18(a) | Committee Assignment | — |
| 2025-02-05 | House | Added Co-SponsorRep. Michael J. Coffey, Jr. Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-02-18 | House | Assigned toRevenue & Finance Committee Senate Rule 3-8(a); House Rule 18(b) | Committee Assignment | — |
| 2025-02-20 | House | Added Co-SponsorRep. Adam M. Niemerg Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-02-20 | House | Added Co-SponsorRep. David Friess Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-02-20 | House | Added Co-SponsorRep. Chris Miller Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-02-25 | House | Added Co-SponsorRep. Brandun Schweizer Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-02-27 | House | Added Co-SponsorRep. Travis Weaver Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-02-27 | House | Added Co-SponsorRep. John M. Cabello Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-02-27 | House | Added Co-SponsorRep. Bradley Fritts Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-02-27 | House | Added Co-SponsorRep. Nicole La Ha Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-02-27 | House | Added Chief Co-SponsorRep. Martin McLaughlin Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-02-27 | House | Added Chief Co-SponsorRep. Blaine Wilhour Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-02-27 | House | Chief Co-Sponsor Changed toRep. Blaine Wilhour | Other | — |
| 2025-03-03 | House | Added Co-SponsorRep. Amy L. Grant Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-03-03 | House | ToTax Policy: Other Taxes Subcommittee Rule 3-3(b) | Committee Assignment | — |
| 2025-03-21 | House | Rule 19(a) / Re-referred toRules Committee House Rule 19(a); Senate analog: Rule 3-9(a) | Deadlines & Re-referrals | Mild − |
| 2025-07-07 | House | Added Co-SponsorRep. Dennis Tipsword Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-10-27 | House | Added Co-SponsorRep. Kevin Schmidt Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |