HB3724 — PROP TX-GENERAL HOMESTEAD
Last action — Added Co-Sponsor Rep. Brad Stephens
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1Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill has been introduced in the House. Introduced February 07, 2025. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Odds of enactment
Low chanceBased on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
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 tax year (to be collected in 2027), the total tax bill for property receiving the General Homestead Exemption may not exceed 103% of the total property tax bill for the property for the immediately preceding taxable year. Contains provisions concerning the reallocation of property tax liability.
Bill Text
We don't have the full text on file for this bill yet.
Read HB3724 on the official Illinois source →Action History
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Added Co-Sponsor Rep. Brad Stephens
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Added Co-Sponsor Rep. Michael J. Coffey, Jr.
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Rule 19(a) / Re-referred to Rules Committee
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Added Co-Sponsor Rep. Kevin Schmidt
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To Tax Policy: Other Taxes Subcommittee
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Assigned to Revenue & Finance Committee
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Referred to Rules Committee
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First Reading
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Filed with the Clerk by Rep. Joe C. Sosnowski
Sponsors
- Joe C. Sosnowski · Primary
- Kevin Schmidt · Cosponsor
- Jr. Michael J. Coffey · Cosponsor
- Brad Stephens · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 3 co-sponsors · 179 not signed on
Sponsors (1)
- Joe C. Sosnowski Republican
Co-sponsors (3)
- Kevin Schmidt Republican
- Michael J. Coffey, Jr. Republican
- Brad Stephens Republican
Not signed on (179)
179 members have not signed on to this bill.
Show all 179 →"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.
Subjects
Frequently asked questions
- What does HB3724 do?
- Amends the Property Tax Code. Provides that, beginning with the 2026 tax year (to be collected in 2027), the total tax bill for property receiving the General Homestead Exemption may not exceed 103% of the total property tax bill for the property for the immediately preceding taxable year. Contains provisions concerning the reallocation of property tax liability.
- Who sponsors HB3724 ?
- HB3724 is sponsored by Joe C. Sosnowski (Republican), Kevin Schmidt (Republican), Michael J. Coffey, Jr. (Republican), and Brad Stephens (Republican).
- What is the current status of HB3724 ?
- This bill has been introduced in the House. Introduced February 07, 2025. It must pass committee before a floor vote.
- Where can I track HB3724 ?
- Track HB3724 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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