Snow
31°FSnowFull Forecast
Shaw Media Auctions

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.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

National video



Reader Poll

Rock Falls is considering a ban on leaf burning. Should the city finally take that step?
Yes. Sterling and Dixon have had bans for years. It’s time for Rock Falls to impose a ban.
No. It would be too great a burden for homeowners to dispose of fallen leaves in other ways.
Not sure
No opinion