summary
Introduced
02/06/2025
02/06/2025
In Committee
03/21/2025
03/21/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Creates the Taxpayer Protection Act. Provides that, on and after the effective date of the Act, for bonds or incurred debt issued through a referendum by a unit of local government or school district, the bonds or incurred debt shall not be extended or reissued unless authorized by a referendum. Provides that a unit of local government or school district shall not submit the question concerning the extension or reissuance of a bond or incurring debt to voters in a referendum until at least one year has passed since the retirement of the bond or debt approved by a referendum. Provides that, on and after the effective date of the Act, a unit of local government or school district shall not submit a question concerning the issuance of a bond or incurring debt to the voters in a referendum until at least one year has passed since that unit or district last proposed a question or proposition concerning the issuance of bonds or incurring debt in a referendum. Limits home rule powers. Amends the Property Tax Code. Provides that there shall not be a service extension base annual increase unless increased by referendum. Amends the School Code. Provides that no later than 30 days before a school district submits to the voters of that district a question on whether to issue bonds or increase the school district's property tax rate, the school district must send informational material to each resident of voting age in the school district; defines "informational material". Specifies what must be included in the informational material. Effective immediately.
AI Summary
This bill establishes the Taxpayer Protection Act, which introduces several key restrictions and requirements for local government and school district bonds and debt. The bill requires that any bonds or debt initially approved through a referendum cannot be extended or reissued without a separate voter referendum, and mandates a one-year waiting period between bond referendums. Additionally, the bill limits home rule powers by making bond and debt regulation an exclusive state function. For school districts, the legislation introduces a new requirement that before submitting a bond or tax rate increase referendum, districts must mail a one-page informational fact sheet to all voting-age residents detailing the proposed project, estimated expenditures, bond outstanding period, total debt service, and potential property tax impacts. The bill also amends the Property Tax Code to stipulate that service extension base annual increases cannot occur unless approved by voter referendum, effectively providing taxpayers with more direct control and transparency over local government and school district financial decisions.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Rule 19(a) / Re-referred to Rules Committee (on 03/21/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3226&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/HB/10400HB3226.htm |
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