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---
type: "Bill"
title: "PROP TX-HISTORIC RESIDENCE"
description: "Amends the Property Tax Code. In provisions concerning the Historic Residence Assessment Freeze Law, provides that the fair cash value of the property shall be based on the final determination by the assessment officer, board of review, Property Tax Appeal Board, or court. Provides that, after the expiration of the 8-year valuation period, if the current fair cash value is less than the adjusted base year valuation, then the assessment shall be based on the current fair cash value. Provides that these changes are declarative of existing law."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "103rd"
identifier: "SB 2703"
citation: "Illinois SB 2703 (103rd)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Michael J. Kelly", "Napoleon Harris, III"]
version_count: 5
action_count: 55
vote_count: 7
first_action: "2024-01-10"
last_action: "2024-12-20"
source: "openstates"
source_identifier: "ocd-bill/4b978ce0-eeee-461c-a41f-f11a6facf05e"
source_url: "https://beta.ilga.gov/Legislation/BillStatus?DocNum=2703&GAID=17&DocTypeID=SB&LegId=151367&SessionID=112"
source_hash: "ef1c0131ec11d86b1cc1922079b8c19371a3470783159bceb66dad11896f9711"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---
# Illinois SB 2703 (103rd) — PROP TX-HISTORIC RESIDENCE
Amends the Property Tax Code. In provisions concerning the Historic Residence Assessment Freeze Law, provides that the fair cash value of the property shall be based on the final determination by the assessment officer, board of review, Property Tax Appeal Board, or court. Provides that, after the expiration of the 8-year valuation period, if the current fair cash value is less than the adjusted base year valuation, then the assessment shall be based on the current fair cash value. Provides that these changes are declarative of existing law.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Introduced** (filed) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB2703.pdf)
2. **Engrossed** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB2703eng.pdf)
3. **House Amendment 001** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB2703ham001.pdf)
4. **House Amendment 002** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB2703ham002.pdf)
5. **Enrolled** (enrolled) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB2703enr.pdf)
## Votes
- Revenue — **80** (pass) · lower
- Executive, Amendment 1 — **84** (pass) · lower
- Revenue & Finance, Amendment 2 — **170** (pass) · lower
- Revenue & Finance — **150** (pass) · lower
- Concurrence, Amendment 2 — **483** (pass) · lower
- Third Reading — **9020** (pass) · lower
- Third Reading — **590** (pass) · lower
## Sponsors
- Michael J. Kelly — primary (person)
- Napoleon Harris, III — primary (person)
- Laura M. Murphy — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2024-01-10** Filed with Secretary by Sen. Cristina Castro `filing`
- **2024-01-10** First Reading `reading-1`
- **2024-01-10** Referred to Assignments
- **2024-01-31** Assigned to Revenue `referral-committee`
- **2024-02-21** Do Pass Revenue; 008-000-000
- **2024-02-21** Placed on Calendar Order of 2nd Reading February 22, 2024 `reading-2`
- **2024-03-14** Second Reading `reading-2`
- **2024-03-14** Placed on Calendar Order of 3rd Reading March 20, 2024
- **2024-04-10** Placed on Calendar Order of 3rd Reading **
- **2024-04-10** Added as Co-Sponsor Sen. Laura M. Murphy
- **2024-04-12** Third Reading - Passed; 059-000-000 `passage, reading-3`
- **2024-04-12** Arrived in House `introduction`
- **2024-04-15** Chief House Sponsor Rep. Kelly M. Burke
- **2024-04-15** First Reading `reading-1`
- **2024-04-15** Referred to Rules Committee
- **2024-04-24** Assigned to Revenue & Finance Committee `referral-committee`
- **2024-05-03** Committee/Final Action Deadline Extended-9(b) May 24, 2024
- **2024-05-14** Do Pass / Short Debate Revenue & Finance Committee; 015-000-000
- **2024-05-15** Placed on Calendar 2nd Reading - Short Debate `reading-2`
- **2024-05-16** Second Reading - Short Debate `reading-2`
- **2024-05-16** Held on Calendar Order of Second Reading - Short Debate `reading-2`
- **2024-05-20** Alternate Chief Sponsor Changed to Rep. Emanuel "Chris" Welch
- **2024-05-20** House Floor Amendment No. 1 Filed with Clerk by Rep. Emanuel "Chris" Welch `amendment-introduction`
- **2024-05-20** House Floor Amendment No. 1 Referred to Rules Committee
- **2024-05-20** House Floor Amendment No. 1 Rules Refers to Executive Committee
- **2024-05-22** House Floor Amendment No. 1 Recommends Be Adopted Executive Committee; 008-004-000 `committee-passage-favorable`
- **2024-05-24** Third Reading/Final Action Deadline Extended-9(b) May 27, 2024
- **2024-05-26** Third Reading/Final Action Deadline Extended-9(b) May 31, 2024
- **2024-05-31** Rule 19(a) / Re-referred to Rules Committee
- **2024-05-31** House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
- **2024-11-19** Approved for Consideration Rules Committee; 005-000-000
- **2024-11-19** Placed on Calendar 2nd Reading - Short Debate `reading-2`
- **2024-11-20** Alternate Chief Sponsor Changed to Rep. Michael J. Kelly
- **2024-11-20** House Floor Amendment No. 2 Filed with Clerk by Rep. Michael J. Kelly `amendment-introduction`
- **2024-11-20** House Floor Amendment No. 2 Referred to Rules Committee
- **2024-11-20** House Floor Amendment No. 2 Rules Refers to Revenue & Finance Committee
- **2024-11-20** House Floor Amendment No. 2 Recommends Be Adopted Revenue & Finance Committee; 017-000-000 `committee-passage-favorable`
- **2024-11-20** House Floor Amendment No. 2 Adopted `amendment-passage`
- **2024-11-20** Placed on Calendar Order of 3rd Reading - Short Debate
- **2024-11-20** Third Reading - Short Debate - Passed 090-020-000 `passage, reading-3`
- **2024-11-20** House Floor Amendment No. 1 Tabled `amendment-failure`
- **2024-11-20** Chief Sponsor Changed to Sen. Napoleon Harris, III
- **2024-11-21** Secretary's Desk - Concurrence House Amendment(s) 2
- **2024-11-21** Placed on Calendar Order of Concurrence House Amendment(s) 2 - November 21, 2024
- **2024-11-21** House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Napoleon Harris, III `filing`
- **2024-11-21** House Floor Amendment No. 2 Motion to Concur Referred to Assignments
- **2024-11-21** House Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Assignments
- **2024-11-21** House Floor Amendment No. 2 3/5 Vote Required
- **2024-11-21** House Floor Amendment No. 2 Senate Concurs 048-003-001
- **2024-11-21** Senate Concurs
- **2024-11-21** Passed Both Houses
- **2024-12-16** Sent to the Governor `executive-receipt`
- **2024-12-20** Governor Approved `executive-signature`
- **2024-12-20** Effective Date December 31, 2024
- **2024-12-20** Public Act . . . . . . . . . 103-1058 `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4b978ce0-eeee-461c-a41f-f11a6facf05e`. Confidence: reported (aggregated from official Illinois legislature records).