South Cook News

Rick Ryan introduced HB3314 in the Illinois House on Feb. 6, 2025, during the general assembly session 104, according to the Illinois General Assembly.

According to the Illinois General Assembly site, the legislature summarized the bill's official text as follows: "Amends the Property Tax Code. Provides that the assessed value of residential property in any general assessment year shall not exceed the assessed value of the property in the last general assessment year multiplied by one plus the percentage change in the Consumer Price Index during the 12-month calendar year immediately preceding the general assessment year for which the reassessment is conducted. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately."

The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.

In essence, this bill amends the Illinois Property Tax Code to cap the assessed value of residential properties during general assessment years. The assessed value must not exceed the previous general assessment year's value adjusted by the percentage change in the Consumer Price Index from the preceding 12-month period, unless there are additions, improvements, or modifications to the property. This limitation does not apply if the property is sold. The bill effectively preempts home rule units from imposing different tax assessments and becomes effective immediately upon enactment.

Rick Ryan has proposed one other bill since the beginning of the 104th session.

Ryan graduated from DePaul University in 1989 with a BA and again in 1992 from John Marshall Law School with a JD.

Rick Ryan is currently serving in the Illinois State House, representing the state's 36th House District. He replaced previous state representative Kelly M. Burke in 2025.

Bills in Illinois follow a multi-step legislative process, beginning with introduction in either the House or Senate, followed by committee review, floor debates, and votes in both chambers before reaching the governor for approval or veto. The General Assembly operates on a biennial schedule, and while typically thousands of bills are introduced each session, only a fraction successfully pass through the process to become law.

You can read more about bills and other measures here.

Bill Number	Date Introduced	Short Description
HB3314	02/06/2025	Amends the Property Tax Code. Provides that the assessed value of residential property in any general assessment year shall not exceed the assessed value of the property in the last general assessment year multiplied by one plus the percentage change in the Consumer Price Index during the 12-month calendar year immediately preceding the general assessment year for which the reassessment is conducted. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately.
HB3313	02/06/2025	Amends the Code of Civil Procedure. Provides that in any action seeking damages for personal injury against an operator of a motor vehicle, no discovery may be taken by the plaintiff if the total damages sought is equal to or less than the amount of minimum liability insurance required by the Illinois Vehicle Code. Provides that in such cases, each party must disclose to all other parties all documents each party intends to introduce into evidence at trial. Provides that the changes made by the amendatory Act apply to actions commenced or pending on or after the effective date of the amendatory Act.
HB2732	02/05/2025	Amends the Illinois Income Tax Act. Provides that the maximum amount for the credit for instructional materials and supplies shall be $500 for each semester in the taxable year for taxable years beginning on or after January 1, 2026 (currently, $500 per taxable year). Effective immediately.