HB 1427 - The Taxpayer Empowerment Act
Citizens may submit a ballot question to freeze or reduce a property tax levy of a local government from anywhere between 0 and 10 percent.
Non-Binding/Advisory Referendum: signatures equal to or greater than 1% of the total votes cast in the preceding general election.
Binding Referendum: signatures equal to or greater than 5% of the total votes cast in the preceding general election.
Petitions Collection: petitions may be circulated 12 months prior to the filing of the question.
Voter Approval: with either three-fifths of those voting in favor of the question or a majority of those voting in the election. (Same as Illinois Constitutional Amendment)
Limited to one question per local government per 2-year election cycle.
HB 1427 - The Taxpayer Empowerment Act