HB1024

Illinois HB1024 mandates that local governments must hold a referendum to increase taxes, with specific sunset clauses based on the purpose of the.

HB1024, known as the Prohibition of Closed-Door Tax Increases Act, requires local governments in Illinois to seek voter approval through a referendum before increasing any levied tax. The referendum must specify whether the tax increase is intended to service debt or for other purposes, with corresponding sunset clauses. For debt service, the tax increase must sunset by the date the debt is paid off, while for other purposes, it must sunset no later than 10 years after the tax increase begins.