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HB 3340

PROP TX-REDUCTION PILOT PRG

104th Regular Session Introduced by Thaddeus Jones

Illinois pilot program tests property tax reduction strategies through a limited geographic test case before potential statewide implementation.

Rule 19(a) / Re-referred to Rules Committee
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Bill Summary · HB 3340

Legislative bill overview

HB 3340 establishes a pilot program in Illinois to test property tax reduction strategies. The bill has been referred to the Revenue & Finance Committee and Tax Policy subcommittee, indicating it targets structural changes to how property taxes are assessed or collected. Specific details on the pilot's scope, duration, and participating municipalities are not provided in the available action history.

Why is this important

Property taxes are a major revenue source for schools, local governments, and special districts in Illinois, which already has among the highest effective property tax rates nationally. Any pilot program testing reductions could signal broader tax reform efforts or indicate lawmakers' responsiveness to constituent complaints about tax burdens. The outcome of this pilot could influence future statewide property tax policy affecting millions of Illinois residents and local government budgets.

Potential points of contention

  • Revenue replacement concerns: If property taxes are reduced, local governments and schools must either identify alternative funding sources or reduce services, creating potential conflicts between property taxpayers and public employees/service recipients
  • Equity and geographic fairness: A pilot program benefits only selected municipalities, raising questions about why some communities receive tax relief while others don't, and whether results from one area are generalizable statewide
  • Implementation details: The bill's current form lacks publicly available specifics on which communities participate, what reduction levels are tested, and how success will be measured, making evaluation difficult

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

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