← Intelligence Overview · Raw Data Tables

HB4320

View on ILGA

PROP TX-EXTENSIONS

What this bill does

Amends the Property Tax Code. Provides that, beginning in taxable year 2027, no taxing district may levy a tax on any parcel of real property that is more than 103% of the base amount unless (i) the increase is attributable to substantial improvements to the property, (ii) the taxing district did not levy a tax against the property in the previous taxable year, or (iii) the increase is attributable to a special service area. Provides that "base amount" means the tax levied by the taxing district on the subject property in the immediately preceding taxable year, except that, if the property received a homestead exemption in the immediately preceding taxable year and is not eligible for that exemption in the current taxable year, then the base amount shall be the tax that would have been levied by the taxing district on the subject property in the immediately preceding taxable year if the homestead exemption had not been applied. Provides that a taxing district may elect to be exempt from those provisions for one or more taxable years if the exemption is approved by referendum. Effective immediately.

Sponsor: Jed Davis Chamber: House Introduced: 2026-01-07

Stuck

P(Advance)

20.6%

Chance it ever reaches a milestone (committee, floor, etc.). Not “next step.”

P(Law)

0.0%

Chance it becomes law given where it is now (stage, momentum).

Confidence: 79% FORECAST

Calculating prediction drivers...

Pipeline Progress

Current stage: In Committee · Last action 85 days ago · SLOW

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.

Hearings

This bill has not been scheduled for a committee hearing.

Action History

3 actions recorded. Last action: 2026-01-14 — Referred toRules Committee. Each action's meaning and outcome signal are classified automatically.

2026-01-07 Introduction & Filing

Filed with the Clerk byRep. Jed Davis House Rule 6(b)

Bill officially submitted to the House Clerk during the session.

2026-01-14 Introduction & Filing

First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38

Formal introduction — title read into the official record. Required procedural step; bill now exists in the system.

2026-01-14 Committee Assignment

Referred toRules Committee Senate Rule 3-8(a); House Rule 18(a)

Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.

All actions (table)

Date	Chamber	Action	Category	Signal
2026-01-07	House	Filed with the Clerk byRep. Jed Davis House Rule 6(b)	Introduction & Filing	—
2026-01-14	House	First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38	Introduction & Filing	—
2026-01-14	House	Referred toRules Committee Senate Rule 3-8(a); House Rule 18(a)	Committee Assignment	—