state_legiscan_drain · IL
EDUCATION PROPERTY TAX RELIEF
February 6, 2026
Summary
If enacted, this bill would establish a property tax relief grant program for school districts funded from a new Education Property Tax Relief Fund, beginning in Fiscal Year 2030. It also amends the Budget Stabilization Act to modify transfers to the Pension Stabilization Fund. The bill does not directly affect mortgage lending or compliance requirements.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
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Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=5611&GAID=18&DocTypeID=HB&SessionID=114&GA=104
Common questions
- What does "EDUCATION PROPERTY TAX RELIEF" cover?
- If enacted, this bill would establish a property tax relief grant program for school districts funded from a new Education Property Tax Relief Fund,…
- When was it published?
- It was published on February 6, 2026.