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HB 2753

Rural Jobs Act; cap on capital investment tax credits; participation; eligibility.

2025 Regular Session Introduced by Trey Caldwell and 1 co-sponsor

In Cook County and other large counties using accelerated billing, the bill delays delinquency and interest start dates if the first tax bill isn’t mailed by January 31.

Pocket veto 06/15/2025
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Bill Summary · HB 2753

Summary — HB 2753 (PROP TX‑PAYMENTS) — Property Tax Code amendments (Illinois)

Note: The provided materials include unrelated text for an Arizona HB 2753 (groundwater). This summary addresses the Property Tax Code changes under HB 2753 (titled PROP TX‑PAYMENTS), as introduced in the Illinois General Assembly (Rep. Robert “Bob” Rita).

Purpose / Intent

To adjust delinquency and interest start dates for property tax installments in large counties that use the accelerated billing method, when the first‑installment tax bill has not been mailed by January 31. The change is intended to protect taxpayers from interest and delinquency when billing is delayed by the county.

Key provisions

  • Scope: Applies only in counties with 3,000,000 or more inhabitants (i.e., Cook County) that use the accelerated billing and payment method established by statute.
  • Late‑mailing safe harbor:
    • If the tax bill for the first installment is not mailed by January 31, then:
    • The first installment will be deemed delinquent and begin to bear interest after April 1 (instead of March 1 under current law).
    • The second installment will be deemed delinquent and begin to bear interest after September 1 (instead of August 1).
    • These revised delinquency dates apply notwithstanding other law.
  • Interest rates (existing provisions retained/expressed in the bill):
    • For tax years before 2023: interest accrues at 1.5% per month (or portion).
    • For tax year 2023 and thereafter: interest accrues at 0.75% per month (or portion).
  • Related/retained provisions in the statute (not newly created by this bill):
    • Special rules for separate arrearage bills due to administrative error (interest treatment).
    • County option for 4‑installment payment plan (interest timing described).
    • Protections for members of the National Guard and reserve forces called to active duty (deferment of delinquency/interest while deployed; specific notice/verification rules).
    • Payment by mail postmarked on/before due date is not delinquent.

Who is affected

  • Primary: Property taxpayers in counties with 3,000,000+ population using accelerated billing (Cook County).
  • Secondary: County collectors, treasurers and local government finance offices (because of changes to delinquency timing and possible cash‑flow/timing impacts).
  • Military service members: existing deferment protections continue to apply.

Effective date and procedural status

  • Effective: Upon becoming law (immediate effect).
  • Legislative status (as provided): Introduced Feb 6, 2025 (Rep. Robert “Bob” Rita); referred to committee. Related/companion measures listed in the materials: SB 2868 and HB 5400.

Practical impact

  • Provides taxpayers protection from being penalized (earlier delinquency/interest) when county-issued tax bills are delayed past Jan 31.
  • May shift the timing of tax receipts and interest revenue for the county collector (shorter window before delinquency for normal mailings remains unchanged).
  • Limited geographic scope (only very large counties using accelerated billing).

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

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