Illinois Code | Chapter 35 Article 200

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ILSB2832Intro
25%
Amends the Property Tax Code. Provides that no interest or penalties shall be imposed with respect to property that is included in a decedent's probate estate at the time of a delinquency if the representative of the decedent's estate applies with th...
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2024-03-18
Added as Co-Sponsor Sen. Craig Wilcox
ILSB3573Intro
25%
Amends the Property Tax Code. Provides that, for taxable year 2024, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $75,000. Provides that, for taxable year 2025 and subsequent taxable years, ...
[Detail][Text][Discuss]
2024-03-18
To Senate Revenue Committee
ILSB0238Intro
25%
Amends the Business Enterprise for Minorities, Women, and Persons with Disabilities Act. Modifies the provisions of the Act to apply to veterans and veteran-owned businesses. Modifies a Section concerning the short title. Changes the title of the Act...
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2024-03-15
To Senate Procurement Committee
ILSB0316Intro
25%
Amends the Property Tax Code. Provides that railroad property shall be assessed based on the location of the property (rather than as a unit).
[Detail][Text][Discuss]
2024-03-15
Rule 2-10 Committee Deadline Established As April 5, 2024
ILSB1284Intro
25%
Amends the Property Tax Code. Provides that the county board may designate a geographic area within the county as a flood zone. Provides that homestead property that is located within a flood zone is entitled to a reduction of $5,000 from the propert...
[Detail][Text][Discuss]
2024-03-15
To Senate Assignments Committee
ILSB1530Intro
25%
Amends the Property Tax Code. Creates a homestead exemption in the amount of a reduction of $5,000 from the equalized assessed value of property of the surviving spouse of a police officer or firefighter who is killed in the line of duty. Effective i...
[Detail][Text][Discuss]
2024-03-15
To Senate Assignments Committee
ILSB2030Intro
25%
Amends the Property Tax Code. Provides that, for taxable year 2023, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is (i) $75,000 for qualified property in a county with 3,000,000 or more inhabi...
[Detail][Text][Discuss]
2024-03-15
Rule 2-10 Committee Deadline Established As April 5, 2024
ILSB1819Intro
25%
Amends the Property Tax Code. Provides that the assessor shall publish the assessed value of all property that qualifies for a hospital exemption under the Code in the taxable year as well as the estimated property tax liability for that property. Am...
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2024-03-15
To Senate Assignments Committee
ILSB2108Intro
25%
Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, in the case of a veteran with any service connected disability, the property is exempt from taxation under this Code. Removes a requirement that taxpayers receiving t...
[Detail][Text][Discuss]
2024-03-15
Rule 2-10 Committee Deadline Established As April 5, 2024
ILSB2317Intro
25%
Amends the Property Tax Code. Provides that property that has been granted the homestead exemption for veterans with disabilities is 100% exempt from taxation under the Code if the veteran has a service connected disability of 60% or more (currently,...
[Detail][Text][Discuss]
2024-03-15
Rule 2-10 Committee Deadline Established As April 5, 2024
ILHB2529Intro
25%
Amends the Property Tax Code. Increases the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption from $65,000 to $75,000.
[Detail][Text][Discuss]
2024-03-15
To House Property Tax Committee
ILHB3511Intro
25%
Amends the Property Tax Code. Provides that, if property qualifies for the senior citizens homestead exemption, but the property owner fails to apply for the exemption during the application period, then the property owner may apply to any or all of ...
[Detail][Text][Discuss]
2024-03-15
To House Property Tax Committee
ILSB2700Intro
25%
Amends the Property Tax Code. In provisions concerning the homestead exemption for veterans with disabilities, provides that the exemption applies to all real property that is the primary residence of a veteran with a disability (currently, property ...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2673Intro
25%
Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $75,000 for all qualified property. Amends the Senior Citize...
[Detail][Text][Discuss]
2024-03-15
To Senate Assignments Committee
ILSB2709Intro
25%
Amends the Property Tax Code. Provides that property that has been granted the homestead exemption for veterans with disabilities is 100% exempt from taxation under the Code if the veteran has a service connected disability of 60% or more (currently,...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2710Intro
25%
Amends the Property Tax Code. Provides that, beginning in taxable year 2024, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption shall be increased each year by the percentage increase, if any, in th...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2695Intro
25%
Amends the Property Tax Code. Provides that, for assessment years following the next general assessment after the effective date of the amendatory Act, no increase in assessment may exceed 20% per year. Provides exceptions if: (1) the property is sol...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2711Intro
25%
Amends the Property Tax Code. Provides that each tax bill shall contain a statement for each tax increment financing (TIF) district in which the property is located setting forth the amount that each taxing district that contains all or part of the T...
[Detail][Text][Discuss]
2024-03-15
To Senate Assignments Committee
ILSB2736Intro
25%
Amends the Property Tax Code. In provisions concerning notices of increased assessments, provides that the chief county assessment officer shall continue to accept appeals from the taxpayer for a period of not less than 30 business days from the late...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2752Intro
25%
Amends the Township Assessment Officials Article of the Property Tax Code. Provides that a township assessor or multi-township assessor shall be elected as provided in the Article unless the board of trustees of a township or, in the case of a multi-...
[Detail][Text][Discuss]
2024-03-15
To Senate Elections Committee
ILSB2845Intro
25%
Amends the Property Tax Code. Provides that, for the purpose of calculating the long-time occupant homestead exemption, the adjusted homestead value shall be calculated by increasing the base homestead value by (i) 5% (currently, 10%) for qualified t...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2857Intro
25%
Amends the Property Tax Code. Provides that certain property may be certified by the Department of Commerce and Economic Opportunity as containing a megaproject. Provides that a "megaproject" is a project that meets certain investment and job creatio...
[Detail][Text][Discuss]
2024-03-15
To Senate Government Operations Committee
ILSB2878Intro
25%
Amends the Property Tax Code. In provisions concerning the senior citizens homestead exemption, permanently removes the requirement to reapply for the exemption in counties with 3,000,000 or more inhabitants (currently, that requirement was eliminate...
[Detail][Text][Discuss]
2024-03-15
Added as Co-Sponsor Sen. Michael W. Halpin
ILSB2911Intro
25%
Amends the Property Tax Code. Provides that owners of commercial or industrial property who receive a tax incentive as a result of a tax incentivized development are not eligible to receive distributions from a tax reimbursement account. Effective im...
[Detail][Text][Discuss]
2024-03-15
[Hearing: Mar 21 @ 4:30 pm]
To Senate Revenue Committee
ILSB2954Intro
25%
Amends the Property Tax Code. In provisions concerning the homestead exemption for veterans with disabilities, provides that the term "veteran" also includes a veteran who has received a medical discharge.
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2974Intro
25%
Amends the Property Tax Code. Provides that buildings, structures, and improvements that are not permanently attached to the land are not considered property for the purposes of the Code. Effective immediately.
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2973Intro
25%
Amends the Property Tax Code. Provides that the abatement for property located in an area of urban decay also applies to newly remodeled single-family or duplex residential dwelling units (currently, only newly constructed single-family or duplex dwe...
[Detail][Text][Discuss]
2024-03-15
To Senate Assignments Committee
ILSB2996Intro
25%
Amends the Property Tax Code. Provides that, if a veteran with a surviving spouse dies while an application for a veteran's homestead exemption is being reviewed, the review of that application shall continue, and any subsequent approval granted to t...
[Detail][Text][Discuss]
2024-03-15
To Senate Assignments Committee
ILSB3150Intro
25%
Amends the Property Tax Code. Creates a homestead exemption, subject to certain limitations, for property that is located within a special flood hazard area as identified by the Federal Emergency Management Agency. Provides that the amount of the exe...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3326Intro
25%
Amends the Property Tax Code. Provides that, in counties with fewer than 3,000,000 inhabitants, the amount in the indemnity fund shall not be less than 0.03% of the total equalized assessed valuation of the property in the county or $25,000 (currentl...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3306Intro
25%
Amends the Property Tax Code. Provides that no more than 2 members of the board of review may be affiliated with the same political party (currently, 2 members of the board shall be affiliated with the political party polling the highest vote for any...
[Detail][Text][Discuss]
2024-03-15
To Senate Elections Committee
ILSB3363Intro
25%
Amends the Property Tax Code. Provides that the homestead exemption for veterans with disabilities applies to veterans with current service-connected disabilities for which the veteran is eligible to receive disability compensation. Effective immedia...
[Detail][Text][Discuss]
2024-03-15
To Senate Assignments Committee
ILSB3396Intro
25%
Amends the Property Tax Code. Provides that a property owner who sustains loss or damage by reason of the issuance of a tax deed is entitled to payment from the indemnity fund in the amount of the equity in the property described in the tax deed. Pro...
[Detail][Text][Discuss]
2024-03-15
To Senate Assignments Committee
ILSB3447Intro
25%
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Makes changes to the definition of "limiting rate". Provides for alternative referendum procedures for a taxing district to increase its aggregate extension. Effective immedia...
[Detail][Text][Discuss]
2024-03-15
To Senate Assignments Committee
ILSB3568Intro
25%
Amends the Property Tax Code. Makes changes concerning payments from the Indemnity Fund to provide that all property owners who sustain loss or damage by reason of the issuance of a tax deed are entitled to payments from the Indemnity Fund. Effective...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILHB4354Intro
25%
Amends the Property Tax Code. Provides that, beginning in taxable year 2024, no taxing district, other than a home rule unit, may levy a tax on any parcel of real property that is more than 105% of the base amount unless (i) the increase is attributa...
[Detail][Text][Discuss]
2024-03-14
To House Property Tax Committee
ILSB2703Intro
25%
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 ...
[Detail][Text][Discuss]
2024-03-14
Placed on Calendar Order of 3rd Reading March 20, 2024
ILHB4464Intro
25%
Amends the Property Tax Code. In provisions concerning the senior citizens homestead exemption, permanently removes the requirement to reapply for the exemption in counties with 3,000,000 or more inhabitants (currently, that requirement was eliminate...
[Detail][Text][Discuss]
2024-03-14
To House Revenue: Income Tax Committee
ILSB2859Intro
25%
Amends the Property Tax Code. Provides that regional wastewater facilities shall be valued at 33 1/3% of the fair cash value of the facility, with consideration given to the probable net value that could be realized by the owner if the facility were ...
[Detail][Text][Discuss]
2024-03-14
Placed on Calendar Order of 3rd Reading March 20, 2024
ILHB4716Intro
25%
Amends the Property Tax Code. Provides that, in all counties, any change in assessment resulting from reassessment in the general assessment year shall not exceed the lesser of the following: (1) 3% of the assessed value of the property for the prior...
[Detail][Text][Discuss]
2024-03-14
To House Property Tax Committee
ILHB4750Intro
25%
Amends the Property Tax Code. Provides that the property tax bill shall include information notifying taxpayers of each exemption that is available to a specific category of taxpayer and the deadlines for applying for those exemptions. Provides that ...
[Detail][Text][Discuss]
2024-03-14
To House Property Tax Committee
ILSB3209Intro
25%
Amends the Property Tax Code. In provisions concerning charitable exemptions granted to limited liability companies, removes a requirement that the limited liability company must be a disregarded entity for federal and Illinois income tax purposes. E...
[Detail][Text][Discuss]
2024-03-14
Placed on Calendar Order of 3rd Reading March 20, 2024
ILSB3275Intro
25%
Amends the Real Estate Transfer Tax Law in the Property Tax Code. Provides that paper revenue stamps shall be phased out by December 31, 2025. Requires counties to issue electronic revenue stamps or alternative indicia thereafter. Effective immediate...
[Detail][Text][Discuss]
2024-03-14
Placed on Calendar Order of 3rd Reading March 20, 2024
ILHB5516Intro
25%
Amends the Property Tax Code. Provides that a copy of the complaint shall also be served on each taxing district in which the property is located at least 90 days prior to the board of review hearing on the complaint. Effective immediately.
[Detail][Text][Discuss]
2024-03-14
To House Revenue & Finance Committee
ILSB3755Intro
25%
Amends the Property Tax Code. Provides that the notice of the transfer of property that is exempt for orphanage, school, or religious purposes shall be filed with the county clerk (currently, the county recorder). Effective immediately.
[Detail][Text][Discuss]
2024-03-14
Placed on Calendar Order of 3rd Reading March 20, 2024
ILHB1287Intro
25%
Amends the Property Tax Code. Provides that owners of income-producing properties shall file physical descriptions of their properties with the chief county assessor in the form and format determined by the chief county assessor. Effective immediatel...
[Detail][Text][Discuss]
2024-03-13
To House Property Tax Committee
ILSB1321Intro
25%
Amends the Property Tax Code. Provides that owners of income-producing properties shall file physical descriptions of their properties with the chief county assessor in the form and format determined by the chief county assessor. Effective immediatel...
[Detail][Text][Discuss]
2024-03-13
To Senate Assignments Committee
ILHB4636Intro
25%
Amends the Property Tax Code. Provides that property that is used for a petroleum refinery may be the subject of a real property tax assessment settlement agreement among the taxpayer and taxing districts in which the property is situated. Makes chan...
[Detail][Text][Discuss]
2024-03-12
[Hearing: Mar 22 @ 10:30 am]
To House Revenue & Finance Committee
ILHB4974Intro
25%
Amends the Property Tax Code. Permits attorney's fees of up to $900 to be added to the cost to redeem. Effective immediately.
[Detail][Text][Discuss]
2024-03-12
To House Revenue & Finance Committee
ILHB4973Intro
25%
Amends the Property Tax Code. Changes the requirement for courts to enforce tax deed petitions from strict compliance with notice requirements to substantial compliance with notice requirements. Provides that the Court may enter an order requiring th...
[Detail][Text][Discuss]
2024-03-12
[Hearing: Mar 21 @ 8:30 am]
To House Judiciary - Civil Committee
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