HB1827 - 104th General Assembly

PROP TX-INCOME PROPERTY
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. William "Will" Davis
Statutes Amended In Order of Appearance
35 ILCS 200/Art. 9 Div. 6 heading new
35 ILCS 200/9-280 new
35 ILCS 200/9-281 new
Synopsis As Introduced
Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, taxpayers of income-producing property shall submit income and expense data annually to the chief county assessment officer on or before July 1 of each year. Provides that, in counties of fewer than 3,000,000 inhabitants, the county board may provide by ordinance or resolution that taxpayers of income-producing property shall submit income and expense data annually to the chief county assessment officer on or before March 31 of each year. Contains certain exceptions. Effective immediately.
Actions
Date Chamber Action
1/28/2025 House Filed with the Clerk by Rep. William "Will" Davis
1/29/2025 House First Reading
1/29/2025 House Referred to Rules Committee
2/25/2025 House Assigned to Revenue & Finance Committee
3/03/2025 House To Tax Policy: Other Taxes Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee