State Representative Tom Morrison (R-Palatine) is hoping that putting a sunset date on the current law that allows Illinois to collect property taxes will prompt property tax reform in Illinois.
On Wednesday, Morrison joined House Republican Leader Jim Durkin (R-Western Springs) in filing HB 5924, which would repeal the existing property tax code on July 1, 2019.
“Illinoisans are desperate for property tax relief, but the General Assembly has failed to act,” said Morrison. “I hear often from constituents who complain that the taxes are causing them to consider leaving Illinois. We cannot wait any longer to address this most critical issue.”
Durkin unveiled HB 5924 on Wednesday during a speech at the City Club of Chicago, and said his legislation creating a sunset date for the current property tax code should start the process of fixing the state’s broken property tax system. He pointed to the establishment of a deadline for school funding reform and budget negotiations as successful examples of how firm deadlines prompted legislative action.
“I am pleased to be a chief co-sponsor of this legislation,” said Morrison. “Hopefully, with a deadline looming, talks can begin in earnest about restructuring our system of taxation in a way that is more equitable and fair.”
Morrison said he hopes the bill will move through the General Assembly during veto session.