Illinois Senate Bill 1267

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 3 2023 - 25% progression
Action: 2023-03-21 - Added as Co-Sponsor Sen. Dale Fowler
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Creates the Disposition of Big Box Property Act. Defines "big box property" as property located in the State consisting of one or more property identification numbers under common ownership that contains at least one building of 30,000 square feet or more. Provides that the owner of a big box property shall provide written notice of listing the property or entering into a contract for sale of the property to the corporate authorities of the municipality in which the property is located within 7 days of the property first being listed for sale or under contract for sale. Provides that the notice of the contract for sale shall include the identity of the purchaser, the terms of the sale, and the intended use of the property after the transfer. Provides that the municipality has the right to purchase the big box property within 60 days of receipt of the notice, on the same terms as contained in the listing or offered to any purchaser. Provides that the municipality may require the purchaser of any big box property to maintain the current use or similar commercial operations of the building, and if the purchaser fails to do so, the municipality may exercise the authority to purchase the property at the same purchase price as paid by the purchaser. Provides that the municipality in which the big box property is located may impose a fine not to exceed $750 per day on the owner of a big box property who is in violation of the Act.

BIG BOX PROPERTY-DISPOSITION

Sen. Donald DeWitte [R]

Sen. Dale Fowler [R]

Date	Chamber	Action
2023-03-21	Senate	Added as Co-Sponsor Sen. Dale Fowler
2023-03-10	Senate	Rule 3-9(a) / Re-referred to Assignments
2023-02-23	Senate	To Executive Subcommittee on Special Issues
2023-02-14	Senate	Assigned to Executive
2023-02-03	Senate	Referred to Assignments
2023-02-03	Senate	First Reading
2023-02-03	Senate	Filed with Secretary by Sen. Donald P. DeWitte

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1267&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB1267.htm