Conditional graduated tax rates and a pair of bills aimed at addressing Illinois’ high property tax costs passed the General Assembly on Friday and will head to the governor.
The graduated tax rate structure will take effect in January 2021 only if voters approve a constitutional amendment on the November 2020 general election ballot. The Senate’s vote Friday was a procedural concurrence with a minor House amendment, after the House approved the bill Thursday.
The property tax bills became part of the conversation this session at the request of several “swing” votes on the constitutional amendment, and were backed by Democratic Gov. J.B. Pritzker.
One bill, Senate Bill 39, will establish a “property tax relief fund,” which would be used to pay refunds to Illinois property taxpayers, but it would be subject to the appropriations of future General Assemblies and would not take effect until January 2021.
It passed the House 98-16 Thursday night with one voting present, and it passed the Senate 56-0 with one present vote Friday.
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