Illinois HB 5549: PROPERTY TAX EXTENSION CAP

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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

HB5549LRB104 19622 HLH 33071 b

1 AN ACT concerning revenue.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Property Tax Code is amended by adding 

5Sections 18-121 and 18-205a as follows:

6 (35 ILCS 200/18-121 new)

7 Sec. 18-121. Countywide extension cap. Notwithstanding any 

8other law, if a county that is not subject to the Property Tax 

9Extension Limitation Law has enjoyed, and continues to enjoy, 

10an aggregate extension increase of not less than 4.5% per 

11year, and this aggregate extension increase has been enjoyed 

12and is enjoyed cumulatively and in compound fashion for a 

13period of not less than 3 years, then in the fourth and in all 

14succeeding years the coun