Illinois 94th Regular Session Status: Enacted

HB 504 — PROP TX-REFUNDS

Last action — Public Act . . . . . . . . . 94-0558

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

This bill has been enacted into law. Introduced January 27, 2005. Enacted.

Prognosis

Likely to advance 72% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    0 primary, 2 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Amends the Property Tax Code. Provides that property tax refunds must be paid to the taxpayer at the annual rate of the lesser of (i) 5% or (ii) the percentage increase in the Consumer Price Index For All Urban Consumers during the 12-month calendar year preceding the levy year for which the refund was made, as published by the federal Bureau of Labor Statistics (now, the interest rate is 5% per year). Effective January 1, 2006.

Bill Text

What changed in the latest version

1 added · 1 removed

Plain-language change summary

The amendment to HB 504 changes the interest rate on refunds owed to taxpayers from a fixed 5% per year to a variable rate based on inflation. Specifically, the new interest rate will be the lesser of 5% or the percentage increase in the Consumer Price Index over the previous year. This change matters because it ties refunds to inflation, potentially offering taxpayers a fairer return depending on the economic conditions, rather than a flat rate that may not reflect rising living costs.

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HB0504 Engrossed LRB094 03719 BDD 33724 b AN ACT concerning revenue.
HB0504 Enrolled LRB094 03719 BDD 33724 b AN ACT concerning revenue.
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Action History

  1. Public Act . . . . . . . . . 94-0558

  2. Effective Date January 1, 2006

  3. Governor Approved

  4. Sent to the Governor

  5. Passed Both Houses

  6. Third Reading - Passed; 052-005-000

  7. Added as Alternate Chief Co-Sponsor Sen. Don Harmon

  8. Placed on Calendar Order of 3rd Reading May 12, 2005

  9. Second Reading

  10. Placed on Calendar Order of 2nd Reading May 3, 2005

  11. Do Pass Revenue; 010-000-000

  12. Added as Alternate Chief Co-Sponsor Sen. M. Maggie Crotty

  13. Assigned to Revenue

  14. Added as Alternate Co-Sponsor Sen. Ira I. Silverstein

  15. Referred to Rules

  16. First Reading

  17. Chief Senate Sponsor Sen. Susan Garrett

  18. Placed on Calendar Order of First Reading April 6, 2005

  19. Arrive in Senate

  20. Third Reading - Short Debate - Passed 063-048-001

  21. Added Co-Sponsor Rep. Karen May

  22. Added Co-Sponsor Rep. Carolyn H. Krause

  23. Added Co-Sponsor Rep. Sandra M. Pihos

  24. Added Co-Sponsor Rep. Elizabeth Coulson

  25. Added Chief Co-Sponsor Rep. Julie Hamos

  26. Placed on Calendar Order of 3rd Reading - Short Debate

  27. Second Reading - Short Debate

  28. Placed on Calendar 2nd Reading - Short Debate

  29. Do Pass / Short Debate Revenue Committee; 012-000-000

  30. Added Co-Sponsor Rep. Karen A. Yarbrough

  31. Remains in Revenue Committee

  32. Recommends Be Adopted Sub-committee/ Revenue Committee; 003-000-000

  33. Added Chief Co-Sponsor Rep. Robin Kelly

  34. Added Chief Co-Sponsor Rep. Sidney H. Mathias

  35. Assigned to Revenue Committee

  36. Referred to Rules Committee

  37. First Reading

  38. Chief Co-Sponsor Rep. Kathleen A. Ryg

  39. Filed with the Clerk by Rep. Elaine Nekritz

Sponsors

  • Elaine Nekritz · Cosponsor
  • Ira I. Silverstein · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 2 co-sponsors · 181 not signed on · 4 voted No

Sponsors (0)

None.

Co-sponsors (2)

  • Elaine Nekritz
  • Ira I. Silverstein

Not signed on (181)

181 members have not signed on to this bill.

Show all 181 →

"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

Votes

Third Reading

Passed 52 Yea · 5 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 46502
Democrat 5000
Republican 1000
Total 52502
% of votes cast 88%8%0%3%
How each member voted (59)
Member Party Vote
Sandoval — Yea
Silverstein — Yea
Link — Yea
Althoff — Yea
Martinez — Yea
Bomke — Yea
Burzynski — Nay
Cronin — Yea
Geo-Karis — Yea
Hendon — Yea
Lauzen — Yea
Meeks — Yea
Pankau — Yea
Peterson — Yea
Munoz — Yea
Schoenberg — Yea
Brady — Yea
Shadid — Yea
Sieben — Yea
Sullivan, J. — Yea
Petka — Yea
Trotter — Yea
Jacobs — Yea
Viverito — Yea
Cullerton — Yea
Watson — Yea
Jones, W. — Yea
Winkel — Yea
Clayborne — Yea
Crotty — Yea
Dahl — Yea
DeLeo — Yea
Garrett — Yea
Haine — Yea
Wojcik — Yea
Sullivan, D. — Nay
Jones, J. — Nay
Demuzio — Nay
Luechtefeld — Yea
Maloney — Yea
Wilhelmi — Nay
Dillard — Yea
Forby — Yea
Halvorson — Not Voting
Radogno — Yea
Raoul — Yea
Rauschenberger — Not Voting
Righter — Yea
Risinger — Yea
Ronen — Yea
Roskam — Yea
Rutherford — Yea
del Valle — Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Yea

Official roll call →

Third Reading

Passed 63 Yea · 48 Nay · 7 Other
Party YeaNayPresentNot Voting
Unaffiliated 554506
Democrat 8001
Republican 0300
Total 634807
% of votes cast 53%41%0%6%
How each member voted (118)
Member Party Vote
Sacia — Nay
Saviano — Nay
Schmitz — Nay
Schock — Nay
Lang — Yea
Acevedo — Yea
Bassi — Nay
Beaubien — Nay
Beiser — Yea
Bellock — Not Voting
Berrios — Yea
Biggins — Nay
Mautino — Yea
Black — Not Voting
Boland — Yea
May — Yea
Bost — Nay
Brauer — Nay
Brosnahan — Nay
Meyer — Nay
Molaro — Yea
Eddy — Nay
Flider — Yea
Giles — Yea
Granberg — Yea
Myers — Nay
Jakobsson — Yea
Jefferson — Yea
Jenisch — Nay
Mathias — Yea
McCarthy — Yea
Mendoza — Yea
Scully — Yea
Soto — Yea
Bailey — Yea
Reitz — Yea
Lyons, Joseph — Yea
McGuire — Yea
Bradley, John — Yea
Bradley, Richard — Yea
Dugan — Yea
Dunkin — Yea
Flowers — Yea
Froehlich — Yea
Gordon — Yea
Graham — Yea
Hamos — Yea
Hannig — Yea
Burke — Yea
Krause — Yea
Leitch — Nay
Lindner — Nay
Howard — Yea
Jones — Yea
McAuliffe — Nay
Millner — Nay
Davis, Monique — Yea
Moffitt — Yea
Lyons, Eileen — Nay
Mulligan — Yea
Munson — Nay
Nekritz — Yea
Osmond — Nay
Parke — Yea
Phelps — Yea
Poe — Nay
Brady — Nay
Sommer — Nay
Tenhouse — Nay
Mitchell, Bill — Nay
Sullivan — Nay
Mitchell, Jerry — Nay
Tryon — Nay
Turner — Yea
Verschoore — Nay
Wait — Nay
Washington — Yea
Yarbrough — Yea
Watson — Nay
Younge — Yea
Chavez — Yea
Churchill — Nay
Coulson — Nay
Cross — Nay
Cultra — Nay
Currie — Yea
D'Amico — Yea
Dunn — Nay
Franks — Nay
Fritchey — Nay
Hassert — Nay
Holbrook — Yea
Hultgren — Nay
Kosel — Yea
Madigan — Not Voting
McKeon — Not Voting
Winters — Nay
Colvin — Not Voting
Daniels — Not Voting
Osterman — Yea
Patterson — Yea
Pihos — Yea
Pritchard — Nay
Reis — Nay
Ryg — Yea
Chapa LaVia — Nay
Eva-Dina Delgado Democrat Yea
Jay Hoffman Democrat Yea
Lakesia Collins Democrat Yea
Michael J. Kelly Democrat Yea
Nicholas K. Smith Democrat Yea
Patrick J. Joyce Democrat Not Voting
Robert "Bob" Rita Democrat Yea
Sara Feigenholtz Democrat Yea
William "Will" Davis Democrat Yea
Brad Stephens Republican Nay
Chapin Rose Republican Nay
Chris Miller Republican Nay

Official roll call →

Subjects

taxation
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 HB 504 do?
Amends the Property Tax Code. Provides that property tax refunds must be paid to the taxpayer at the annual rate of the lesser of (i) 5% or (ii) the percentage increase in the Consumer Price Index For All Urban Consumers during the 12-month calendar year preceding the levy year for which the refund was made, as published by the federal Bureau of Labor Statistics (now, the interest rate is 5% per year). Effective January 1, 2006.
Who sponsors HB 504?
HB 504 is sponsored by Elaine Nekritz and Ira I. Silverstein.
What is the current status of HB 504?
This bill has been enacted into law. Introduced January 27, 2005. Enacted.
Where can I track HB 504?
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