PROP TX-TAX DISTRICT SURPLUS House SponsorsRep. Dan Ugaste, Tony M. McCombie and Kevin Schmidt 3/27/2026HouseRule 19(a) / Re-referred to Rules Committee 35 ILCS 200/30-32 new Amends the Property Tax Code. Provides that no taxing district may hold more than 150% of the previous levy year's property tax collections in cash or cash-equivalent assets. Provides that excess amounts shall be refunded to taxpayers. Effective immediately. 1/14/2025HouseFiled with the Clerk by Rep. Dan Ugaste 1/21/2025HouseAdded Co-Sponsor Rep. Tony M. McCombie 1/28/2025HouseFirst Reading 1/28/2025HouseReferred to Rules Committee 2/11/2025HouseAssigned to Revenue & Finance Committee 2/25/2025HouseTo Finance Subcommittee 3/18/2025HouseAdded Co-Sponsor Rep. Kevin Schmidt 3/21/2025HouseRule 19(a) / Re-referred to Rules Committee 2/24/2026HouseAssigned to Revenue & Finance Committee 3/26/2026HouseTo Finance Subcommittee 3/27/2026HouseRule 19(a) / Re-referred to Rules Committee