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HB 1199

PROP TX-EXTENSION LIMITATION

104th Regular Session Introduced by Rita Mayfield

HB 1199 would restrict Illinois municipalities' ability to extend property tax revenues beyond declining assessments, potentially lowering tax bills but limiting local government funding.

Rule 19(a) / Re-referred to Rules Committee
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Bill Summary · HB 1199

Legislative bill overview

HB 1199 proposes to limit Illinois's property tax extension mechanism, which currently allows municipalities to increase property tax revenues to match previous year collections despite declining property assessments. The bill would cap or restrict how aggressively local governments can use this tool to maintain or grow tax revenue.

Why is this important

Property tax extensions significantly impact homeowners and businesses by allowing tax bills to rise even when property values fall. Illinois municipalities rely heavily on this mechanism for revenue stability, making this a direct battle between taxpayer relief and municipal fiscal health. The outcome affects both residential affordability and local government service funding.

Potential points of contention

  • Municipal revenue impact: Cities, schools, and special districts depend on extension authority for budget predictability; strict limitations could force service cuts or require alternative revenue sources
  • Taxpayer burden: Property owners argue extensions are hidden tax increases that outpace actual property value changes and erode affordability
  • Implementation timing: The bill has been re-referred to Rules Committee, suggesting procedural or substantive disagreements about whether/how to advance it

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

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