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HB5549 • 2026
PROPERTY TAX EXTENSION CAP
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
PROPERTY TAX EXTENSION CAP
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Bradley Fritts
PROPERTY TAX EXTENSION CAP
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Full Text of HB5549 Home Legislation Full Text HB5549 - 104th General Assembly Bill Status Full Text Votes Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Printer Friendly Version Introduced Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB5549 Introduced 2/13/2026, by Rep. Bradley Fritts SYNOPSIS AS INTRODUCED: 35 ILCS 200/18-121 new 35 ILCS 200/18-205a new Amends the Property Tax Code. Provides that whether or not a county is subject to the Property Tax Extension Limitation Law, if that county has enjoyed, and continues to enjoy, an aggregate extension increase of not less than 4.5% per year, and this aggregate extension increase has been enjoyed and is enjoyed cumulatively and in compound fashion for a period of not less than 3 years, then in the fourth and in all succeeding years the county shall be subject to an aggregate extension limitation increase that shall not exceed 3% per year. Provides that an exception to this countywide aggregate extension increase of 3% per year shall be enjoyed by a county that successfully seeks approval by referendum from release from this cap on countywide aggregate extensions. LRB104 19622 HLH 33071 b A BILL FOR HB5549 LRB104 19622 HLH 33071 b 1 AN ACT concerning revenue. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Property Tax Code is amended by adding 5 Sections 18-121 and 18-205a as follows: 6 (35 ILCS 200/18-121 new) 7 Sec. 18-121. Countywide extension cap. Notwithstanding any 8 other law, if a county that is not subject to the Property Tax 9 Extension Limitation Law has enjoyed, and continues to enjoy, 10 an aggregate extension increase of not less than 4.5% per 11 year, and this aggregate extension increase has been enjoyed 12 and is enjoyed cumulatively and in compound fashion for a 13 period of not less than 3 years, then in the fourth and in all 14 succeeding years the county shall be subject to an aggregate 15 extension limitation increase that shall not exceed 3% per 16 year. The enjoyment by a county, not subject to the Property 17 Tax Extension Limitation Law, of an aggregate extension 18 increase in an amount of, or greater than, 4.5% per year for a 19 period of 3 or more successive years shall constitute a 20 trigger for mandatory implementation of this Section. 21 An exception to this countywide aggregate extension 22 increase of 3% per year shall be enjoyed by a county that 23 successfully seeks approval by referendum from release from HB5549 - 2 - LRB104 19622 HLH 33071 b 1 this cap on countywide aggregate extensions. The referendum 2 seeking relief exemption from the provisions of this Section 3 18-121 shall be carried out under the provisions of Section 4 18-125 of this Code. 5 For purposes of this Section, "aggregate extension" shall 6 be as defined in Section 18-185 of this Code. 7 (35 ILCS 200/18-205a new) 8 Sec. 18-205a. Chronic enjoyment of Property Tax Extension 9 Limitation Law maximum extensions; tightened extension cap. 10 Notwithstanding any other law, if a county subject to the 11 Property Tax Extension Limitation Law has enjoyed, and 12 continues to enjoy, an extension limitation increase of not 13 less than 4.5% per year, and this extension limitation 14 increase has been enjoyed and is enjoyed cumulatively and in 15 compound fashion for a period of not less than 3 years, then in 16 the fourth and in all succeeding years the allowable tax 17 extension limitation increase to be enjoyed by the county 18 shall be reset to 3% per year. The enjoyment by a county, 19 subject to the Property Tax Extension Limitation Law, of an 20 extension limitation increase in an amount of, or greater 21 than, 4.5% per year for a period of 3 or more successive years 22 shall constitute a trigger for mandatory implementation of 23 this Section. 24 An exception to this alternative tax extension limitation 25 increase of 3% per year shall be enjoyed by a county that HB5549 - 3 - LRB104 19622 HLH 33071 b 1 successfully seeks approval by referendum from release from 2 this alternative cap. The referendum seeking relief exemption 3 from the provisions of this Section 18-205a shall be carried 4 out under the provisions of Section 18-205 of this Code. Footer Disclaimer This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. 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