Illinois Senate Bill 3746 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 21 2022 - 25% progression, died in committee
Action: 2022-02-10 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Creates the Site Value Tax Law within the Property Tax Code. Provides that a municipality and any taxing district located in whole or in part within that municipality may levy a site value tax upon the assessed value of land within the municipality. Provides that "assessed value" means 33 1/3% of the fair cash value of the land, without regard to buildings, structures, improvements, or other permanent fixtures on the land, except for the value of oil, gas, coal, and other minerals in the land and the right to remove such oil, gas, coal, and other minerals from the land. Contains provisions concerning enforcement and collection. Effective immediately.

PROPERTY TAX-SITE VALUE

Sen. Win Stoller [R]

Date	Chamber	Action
2022-02-10	Senate	Rule 3-9(a) / Re-referred to Assignments
2022-02-01	Senate	Assigned to Revenue
2022-01-21	Senate	Referred to Assignments
2022-01-21	Senate	First Reading
2022-01-21	Senate	Filed with Secretary by Sen. Win Stoller

Chapter	Article	Section	Citation Type	Statute Text
35	200	31.1-1	New Code	See Bill Text
35	200	31.1-10	New Code	See Bill Text
35	200	31.1-5	New Code	See Bill Text
35	200	Art. 31.1 headin	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3746&GAID=16&DocTypeID=SB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/SB/10200SB3746.htm