Illinois House Bill 5612: REVENUE-PROP TAX RELIEF

Illinois · 104th session

Status: Introduced

What it does

Amends the School Code. Provides that the State Board of Education shall establish and administer a program to award property tax relief grants to school districts in this State. Provides that, in exchange for receiving a grant, a school district's maximum aggregate property tax extension for the taxable year may not exceed its adjusted maximum aggregate property tax extension for that taxable year. Amends the State Finance Act to create the Education Property Tax Relief Fund.

Latest action

Added Co-Sponsor Rep. Michael J. Coffey, Jr. (2026-05-05)

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