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<xml>
<title>Illinois General Assembly - Bill Status for HB 3486         </title>
<shortdesc>SCHOOL CD-PROPERTY TAX RELIEF</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Mark L. Walker</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 105/5.990 new</reference><aliasreference></aliasreference><reference>105 ILCS 5/1A-12 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the School Code. Provides that the State Board of Education shall establish and administer an annual program to award property tax relief grants to school districts in the State. Provides that, in exchange for receiving a grant, the school district's maximum aggregate property tax extension for the taxable year that begins on January 1 of the fiscal year for which the grant is awarded may not exceed a specified maximum aggregate property tax extension. Creates the Education Property Tax Relief Fund for the purpose of making appropriations for the grant program. Amends the State Finance Act to make conforming changes. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/17/2023</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Mark L. Walker</action>
<statusdate>2/17/2023</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/17/2023</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/28/2023</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/2/2023</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker</action>
<statusdate>3/2/2023</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/9/2023</statusdate><chamber>House</chamber><action>To Revenue - Property Tax Subcommittee</action>
<statusdate>3/10/2023</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

