HB5464 - 104th General Assembly (2025-2026)

PROP TX-INCOME PROPERTY
Last Action
2/13/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Justin Slaughter
Statutes Amended In Order of Appearance
5 ILCS 140/7  
35 ILCS 200/Art. 9 Div. 6 heading new  
35 ILCS 200/9-280 new  
35 ILCS 200/9-290 new  
Synopsis As Introduced
Amends the Property Tax Code. Provides that, in counties in which the county board so provides, by ordinance or resolution, owners of income-producing properties in the county shall file physical descriptions of their properties with the chief county assessment officer upon request of the chief county assessment officer. Sets forth the period of time during which those provisions apply. Provides that the request for information shall include an individualized statement specifying all physical description information that the assessor's office has on record or recorded against the property and shall contain a statement that the owner may confirm the information if no changes are required. Imposes certain penalties if the property owner fails to respond to a request for information. Amends the Freedom of Information Act to provide that financial records and data related to real estate income, expenses, and occupancy submitted by or on behalf of a property owner to a chief county assessment officer, except if submitted as part of an assessment appeal, are exempt from disclosure. Effective immediately.
Actions
DateChamberAction
2/06/2026HouseFiled with the Clerk by Rep. Justin Slaughter
2/13/2026HouseFirst Reading
2/13/2026HouseReferred to Rules Committee