HB0009

Illinois HB0009 establishes a property tax relief grant program for 10 school districts, funded by the Education Property Tax Relief Fund.

Illinois HB0009 creates a property tax relief grant program for 10 school districts. In exchange for receiving a grant, a 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 its adjusted maximum aggregate property tax extension for that taxable year. The Education Property Tax Relief Fund is created as a special fund in the State treasury for the purpose of awarding grants.