Overcast
48°FOvercastFull Forecast

Measure would ease some taxes

Published: Thursday, Jan. 30, 2014 1:15 a.m. CST

SPRINGFIELD (AP) – Illinois lawmakers could consider legislation that would help limit property tax increases for business owners who rebuild from last year’s tornadoes.

The Springfield bureau of Lee Enterprises newspapers reports the bill is sponsored by Rep. Chad Hays, a Catlin Republican.

He also represents Gifford, which was one of the communities hit by two dozen tornadoes that struck Illinois in November.

Hays’ proposal would create a 5-year property tax abatement on the higher tax rate for businesses that are rebuilt. It would also cap annual property tax increases after the 5-year window.

Get breaking news sent to your phone. Sign up for text alerts from Sauk Valley Media!

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

National video



Reader Poll

There’s a movement afoot in the Illinois Legislature to name former President Barack Obama’s birthday (Aug. 4) as a legal holiday in Illinois. What do you think?
Good idea
Bad idea
Not sure
No opinion