PROP TX-SUBDIVISION VALUE Senate SponsorsSen. Meg Loughran Cappel 1/27/2026SenateRe-assigned to Revenue 35 ILCS 200/10-30Amends the Property Tax Code. In provisions concerning platted and subdivided but undeveloped property, provides that (i) beginning with the 2025 taxable year, no property's assessed value shall be reduced to less than $150 under those provisions and (ii) beginning with the 2035 taxable year, no property shall be eligible for calculation of its assessed value under those provisions for more than a 10-year period. 1/31/2025SenateFiled with Secretary by Sen. Meg Loughran Cappel 1/31/2025SenateFirst Reading 1/31/2025SenateReferred to Assignments 2/11/2025SenateAssigned to Revenue 3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025 4/11/2025SenateRule 2-10 Committee Deadline Established As May 9, 2025 5/9/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments 1/27/2026SenateRe-assigned to Revenue 3/13/2026SenateRule 2-10 Committee Deadline Established As April 24, 2026