IL SB0080 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 20 2023 - 25% progression
Action: 2023-01-20 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Code of Civil Procedure. In a provision concerning actions brought to recover damages for personal injury or wrongful death, changes the prejudgment interest rate to 5% per annum instead of 6% per annum. Effective immediately.

Tracking Information

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Title

PREJUDGMENT INTEREST-REDUCTION

Sponsors


History

DateChamberAction
2023-01-20SenateReferred to Assignments
2023-01-20SenateFirst Reading
2023-01-20SenateFiled with Secretary by Sen. Jil Tracy

Code Citations

ChapterArticleSectionCitation TypeStatute Text
73552-1303Amended CodeCitation Text

Illinois State Sources


Bill Comments

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