Illinois 104th General Assembly Status: Introduced 15 R cosponsors

HB1496      — PROP TX-LIMIT ASSESSMENTS

Last action — Rule 19(a) / Re-referred to Rules Committee

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the House. Introduced January 21, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Amends the Property Tax Code. Provides that, beginning with the 2026 assessment year, the valuation of property in any general assessment year may not exceed (i) 101% of the value of the property in the previous tax year if the property is residential or (ii) 102% of the value of the property in the previous tax year if the property is not residential. Provides that the limitation does not apply if the increase in value is due to an addition, modification, or improvement to the property or if there has been a change in ownership of the property during the previous tax year. Preempts the power of home rule units to tax.

Bill Text

We don't have the full text on file for this bill yet.

Read HB1496 on the official Illinois source →

Action History

  1. Rule 19(a) / Re-referred to Rules Committee

  2. To Tax Policy: Other Taxes Subcommittee

  3. Assigned to Revenue & Finance Committee

  4. Added Co-Sponsor Rep. Kevin Schmidt

  5. Added Co-Sponsor Rep. Dennis Tipsword

  6. Rule 19(a) / Re-referred to Rules Committee

  7. To Tax Policy: Other Taxes Subcommittee

  8. Added Co-Sponsor Rep. Amy L. Grant

  9. Chief Co-Sponsor Changed to Rep. Blaine Wilhour

  10. Added Chief Co-Sponsor Rep. Blaine Wilhour

  11. Added Chief Co-Sponsor Rep. Martin McLaughlin

  12. Added Co-Sponsor Rep. Nicole La Ha

  13. Added Co-Sponsor Rep. Bradley Fritts

  14. Added Co-Sponsor Rep. John M. Cabello

  15. Added Co-Sponsor Rep. Travis Weaver

  16. Added Co-Sponsor Rep. Brandun Schweizer

  17. Added Co-Sponsor Rep. Chris Miller

  18. Added Co-Sponsor Rep. David Friess

  19. Added Co-Sponsor Rep. Adam M. Niemerg

  20. Assigned to Revenue & Finance Committee

  21. Added Co-Sponsor Rep. Michael J. Coffey, Jr.

  22. Referred to Rules Committee

  23. First Reading

  24. Filed with the Clerk by Rep. Brad Halbrook

Sponsors

Sponsorship breakdown

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1 sponsors · 14 co-sponsors · 168 not signed on

Sponsors (1)

Co-sponsors (14)

Not signed on (168)

168 members have not signed on to this bill.

Show all 168 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB1496      do?
Amends the Property Tax Code. Provides that, beginning with the 2026 assessment year, the valuation of property in any general assessment year may not exceed (i) 101% of the value of the property in the previous tax year if the property is residential or (ii) 102% of the value of the property in the previous tax year if the property is not residential. Provides that the limitation does not apply if the increase in value is due to an addition, modification, or improvement to the property or if there has been a change in ownership of the property during the previous tax year. Preempts the power of home rule units to tax.
Who sponsors HB1496     ?
HB1496      is sponsored by Brad Halbrook (Republican), Martin McLaughlin (Republican), Blaine Wilhour (Republican), Michael J. Coffey, Jr. (Republican), Adam M. Niemerg (Republican), David Friess (Republican), Chris Miller (Republican), Brandun Schweizer (Republican), Travis Weaver (Republican), John M. Cabello (Republican), Bradley Fritts (Republican), Nicole La Ha (Republican), Amy L. Grant (Republican), Dennis Tipsword (Republican), and Kevin Schmidt (Republican).
What is the current status of HB1496     ?
This bill has been introduced in the House. Introduced January 21, 2025. It must pass committee before a floor vote.
Where can I track HB1496     ?
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Last checked for changes 3 months ago · updated continuously

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