Illinois House Bill 5026

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 7 2024 - 25% progression
Action: 2024-04-05 - House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that, for the purposes of assessment, property registered in perpetuity with the register of areas under the Illinois Natural Areas Preservation Act is considered to be encumbered by a public easement and shall be depreciated to a level at which its value is $5 per acre, and any improvement, dwelling, or other appurtenant structure present on that land shall be valued at 33 1/3% of its fair cash value. Provides that a conservation right on land preserving a habitat for plant and animal species that are native to Illinois (currently, State or federal endangered or threatened species or federal candidate species) is considered to provide a demonstrated public benefit. Provides that a conservation right on land located adjacent to a park, conservation area, nature preserve, or other land or water area that is publicly owned or otherwise permanently protected for conservation purposes is considered to provide a demonstrated public benefit if the conservation right on that land furthers the conservation purposes of the adjacent protected area. Effective immediately.

PROP TX-NATURAL PRESERVATION

Rep. Maura Hirschauer [D]

Date	Chamber	Action
2024-04-05	House	House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2024-04-05	House	Rule 19(a) / Re-referred to Rules Committee
2024-04-02	House	House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2024-04-01	House	House Committee Amendment No. 1 Referred to Rules Committee
2024-04-01	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Maura Hirschauer
2024-03-08	House	To Revenue - Property Tax Subcommittee
2024-02-28	House	Assigned to Revenue & Finance Committee
2024-02-08	House	Referred to Rules Committee
2024-02-08	House	First Reading
2024-02-07	House	Filed with the Clerk by Rep. Maura Hirschauer

Chapter	Article	Section	Citation Type	Statute Text
35	200	10-166	Amended Code	Citation Text
35	200	10-167	Amended Code	Citation Text
35	200	10-168	Amended Code	Citation Text
35	200	9-145	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5026&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB5026.htm
Amendment	https://www.ilga.gov/legislation/103/HB/10300HB5026ham001.htm