PROP TX-SCHOOL DISTRICTS House SponsorsRep. Fred Crespo and Mark L. Walker-Michael J. Kelly 1/7/2025HouseSession Sine Die 35 ILCS 200/Art. 18 Div. 7 heading new35 ILCS 200/18-280 new35 ILCS 200/18-285 new35 ILCS 200/18-290 new35 ILCS 200/20-15 Amends the Property Tax Code. Creates the School District Extension Freeze Law. Provides that, if at the end of any levy year, a school district has reserves of 50% or more of its operating budget, then the school district's extension for all purposes may not exceed its extension for the previous levy year. Provides that, if the school district has reserves of 60% or more at the end of the immediately preceding levy year, then the district's extension shall be reduced by an amount equal to the difference between the district's reserve amount for the immediately preceding levy year and a reserve amount of 60% for that levy year. Effective July 1, 2023. 2/17/2023HouseFiled with the Clerk by Rep. Fred Crespo 2/17/2023HouseFirst Reading 2/17/2023HouseReferred to Rules Committee 2/28/2023HouseAssigned to Revenue & Finance Committee 3/9/2023HouseTo Revenue - Property Tax Subcommittee 3/10/2023HouseRule 19(a) / Re-referred to Rules Committee 1/30/2024HouseAdded Co-Sponsor Rep. Mark L. Walker 2/7/2024HouseAdded Chief Co-Sponsor Rep. Michael J. Kelly 2/28/2024HouseAssigned to Revenue & Finance Committee 3/8/2024HouseTo Revenue - Property Tax Subcommittee 4/5/2024HouseRule 19(a) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die