To create the Southern Coalfield Resiliency and Revitalization Program
Excludes Veterans Assistance Commission levies from PTELL, starting 2026, enabling districts to fund veterans services with property tax outside the cap.
Excludes Veterans Assistance Commission levies from PTELL, starting 2026, enabling districts to fund veterans services with property tax outside the cap.
HB 2720 amends the Property Tax Extension Limitation Law (PTELL) in the Illinois Property Tax Code (35 ILCS 200/18‑185) to exclude from a taxing district’s "aggregate extension" special purpose levies made to fund a Veterans Assistance Commission. The change takes effect for levies beginning with the 2026 levy year. In practice, this means such veteran‑funding levies will not count against the statutory property tax extension limit that normally caps year‑to‑year growth.
Note: the bill file includes unrelated, truncated material from another state’s draft; this summary addresses the Illinois Property Tax Code amendment (sponsored by Rep. Suzanne M. Ness).
If you want, I can draft a short explainer showing an example calculation of how a Veterans Assistance Commission levy would be treated under PTELL before and after this change.
Compiled from official sources — confirm details with the bill’s official record.
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