state_legiscan_drain · IL
IDR-PROPERTY TAX STUDY
May 22, 2026
Summary
If enacted, this resolution would direct the Illinois Department of Revenue to study the feasibility of replacing property taxes with other revenue streams for school district funding. As a study, it has no direct regulatory or operational impact on mortgage lenders, servicers, or other financial institutions.
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=929&GAID=18&DocTypeID=HR&SessionID=114&GA=104
Common questions
- What does "IDR-PROPERTY TAX STUDY" cover?
- If enacted, this resolution would direct the Illinois Department of Revenue to study the feasibility of replacing property taxes with other revenue…
- When was it published?
- It was published on May 22, 2026.