HB4637 - 104th General Assembly (2025-2026)
PROP TX-OMITTED PROPERTY
Last Action
2/11/2026 - House: Assigned to Revenue & Finance Committee
Hearings
Revenue & Finance Committee Hearing Feb 19 2026 8:00AM Stratton Building Room D-1 Springfield, IL ** Canceled **
Revenue & Finance Committee Hearing Feb 26 2026 8:00AM Stratton Building Room D-1 Springfield, IL
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Property Tax Code. In counties with fewer than 3,000,000 inhabitants, provides that property that receives an erroneous homestead exemption for the current assessment year or for any of the 3 prior assessment years may be considered omitted property. Provides for penalties and interest to be imposed on that omitted property. Provides that any arrearage of taxes or interest that might have been assessed against that omitted property shall not be chargeable to certain bona fide purchasers of the property. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/27/2026 | House | Filed with the Clerk by Rep. Jay Hoffman |
| 2/03/2026 | House | First Reading |
| 2/03/2026 | House | Referred to Rules Committee |
| 2/11/2026 | House | Assigned to Revenue & Finance Committee |