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HB 3338

REVENUE-PROP TX REPLACE

104th Regular Session Introduced by Thaddeus Jones

Illinois bill proposing property tax replacement mechanism through alternative revenue structure, currently under committee review to assess fiscal and distributional impacts.

Rule 19(a) / Re-referred to Rules Committee
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Bill Summary · HB 3338

Legislative bill overview

HB 3338 is an Illinois bill introduced by Rep. Thaddeus Jones that addresses revenue and property tax replacement mechanisms. The bill has been referred to the Revenue & Finance Committee and its Tax Policy subcommittee for review, suggesting it may propose changes to how Illinois funds government operations or restructures property tax systems.

Why is this important

Property tax and revenue policy directly affects household finances, municipal budgets, and school funding in Illinois. Any restructuring of how the state collects or distributes revenue can have significant consequences for property owners, renters, and public service delivery across the state.

Potential points of contention

  • Tax burden redistribution: Changes to property tax systems often shift financial responsibility between different taxpayer groups (homeowners, businesses, renters, income earners), creating winners and losers
  • Municipal funding concerns: Property taxes fund local schools and services; replacing them requires identifying alternative revenue sources that may be unreliable or unpopular
  • Implementation complexity: Transitioning between tax systems can create administrative challenges and unintended consequences if not carefully designed

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

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