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Bill

SB 2779

REVENUE-PROP TX REPLACE

104th Regular Session Introduced by Lakesia Collins and 1 co-sponsor

Illinois bill proposes property tax replacement revenue mechanism; early filing stage with limited public details available yet.

Rule 3-9(a) / Re-referred to Assignments
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Bill Summary · SB 2779

Legislative bill overview

SB 2779 is an Illinois revenue bill introduced by Senator Lakesia Collins that addresses property tax replacement mechanisms. The bill has just been filed and is in early stages of the legislative process. Specific details about the proposed changes are not yet publicly available in accessible summaries.

Why is this important

Property tax policy directly affects Illinois homeowners, businesses, and local government funding for schools and services. Revenue replacement proposals typically signal attempts to restructure how Illinois funds public services, which has been a persistent fiscal challenge for the state.

Potential points of contention

  • Tax burden shifting - Any property tax replacement scheme raises questions about who bears the new tax burden and whether it truly reduces costs or merely redistributes them
  • Local government funding - Changes to property tax mechanisms could affect the $28+ billion Illinois municipalities and school districts rely on annually
  • Implementation complexity - Replacing property tax revenue requires identifying alternative funding sources, which may involve state income tax, sales tax, or other mechanisms with distinct economic effects

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

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