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HB 2184

Allow for monthly payments on property taxes

2025 Regular Session Introduced by Gary Howell and 1 co-sponsor

HB 2184 allows Illinois property owners to pay taxes monthly, easing financial strain and improving compliance, benefiting homeowners and local governments alike.

To House Finance
#taxation
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Bill Summary · HB 2184

Summary of HB 2184: Allow for Monthly Payments on Property Taxes

Bill Overview

  • Bill Number: HB 2184
  • Title: Allow for Monthly Payments on Property Taxes
  • Introduced By: Rep. Tony M. McCombie
  • Introduced On: January 29, 2025
  • Current Status: To House Finance
  • Classification: Bill
  • Subject: Taxation

Purpose and Intent

The primary purpose of HB 2184 is to provide property owners in Illinois with the option to pay their property taxes on a monthly basis rather than in a lump sum. This initiative aims to ease the financial burden on homeowners and renters, making property tax payments more manageable and predictable.

Key Provisions

  • Monthly Payment Option: The bill proposes to amend existing property tax regulations to allow taxpayers to opt for monthly payments. This would be an alternative to the traditional semi-annual or annual payment schedules.
  • Implementation Details: Specific guidelines for how these monthly payments would be structured, including potential interest rates or fees, are expected to be outlined in subsequent legislative discussions or amendments.

Impact

  • Who Would Be Affected:

    • Homeowners and Renters: Individuals who own property or are responsible for property taxes would benefit from this flexibility.
    • Local Governments: Municipalities that rely on property tax revenue may need to adjust their budgeting and cash flow management practices to accommodate the new payment schedule.

  • Potential Benefits:

    • Financial Relief: Monthly payments could help alleviate the financial strain on taxpayers, particularly those with fixed or lower incomes.
    • Increased Compliance: By offering a more manageable payment option, the bill may lead to higher rates of on-time payments, reducing delinquencies.

Legislative Timeline

  • January 29, 2025: Bill filed with the Clerk.
  • February 4, 2025: First reading and referred to the Rules Committee.
  • February 12, 2025: Assigned to the Finance Committee.
  • March 4, 2025: Bill assigned to the Executive Committee.
  • March 12, 2025: Passed out of the Executive Committee with a "Do Pass" recommendation.
  • March 27, 2025: Held on the Calendar for Second Reading.
  • April 11, 2025: Third Reading Deadline Extended to May 31, 2025.
  • May 31, 2025: Re-referred to the Rules Committee.

Conclusion

HB 2184 represents a significant shift in how property taxes could be managed in Illinois, aiming to provide taxpayers with more flexibility and ease in fulfilling their financial obligations. As the bill progresses through the legislative process, further details will be essential to understand its full implications and operational mechanics.

Compiled from official sources — confirm details with the bill’s official record.

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