Sen. Robert F. Martwick

Filed: 4/5/2024

 

 


 

 


 
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1
AMENDMENT TO SENATE BILL 3455

2    AMENDMENT NO. ______. Amend Senate Bill 3455 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Department of Revenue Law of the Civil
5Administrative Code of Illinois is amended by adding Section
62505-815 as follows:
 
7    (20 ILCS 2505/2505-815 new)
8    Sec. 2505-815. Property tax system study. The Department,
9in consultation with the Department of Commerce and Economic
10Opportunity, shall conduct a study to evaluate the property
11tax system in the State and shall analyze any information
12collected in connection with that study. The Department may
13also examine whether the existing property tax levy,
14assessment, appeal, and collection process is reasonable and
15fair and may issue recommendations to improve that process.
16For purposes of conducting the study and analyzing the data

 

 

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1required under this Section, the Department may determine the
2scope of the historical data necessary to complete the study,
3but in no event shall the scope or time period be less than the
410 most recent tax years for which the Department has complete
5data. The study shall include, but need not be limited to, the
6following:
7        (1) a comprehensive review of the classification
8    system used by Cook County in assessing real property in
9    Cook County compared with the rest of the State,
10    including, but not limited to, a projection of the impact,
11    if any, that the assessment of real property in Cook
12    County would exhibit if the classification system were to
13    be phased-out and transitioned to a uniform level of
14    assessment, and the impact, if any, that the Cook County
15    classification system has or has had on economic
16    development or job creation in the county;
17        (2) a comprehensive review of State laws concerning
18    the appeal of assessments at the local and State level and
19    State laws concerning the collection of property taxes,
20    including any issues that have resulted in delays in
21    issuing property tax bills;
22        (3) a comprehensive review of statewide assessment
23    processes, including a comparison of assessment process in
24    Cook County and other counties and practices in other
25    states that allow for standardized assessment processes;
26        (4) a comprehensive review of current property tax

 

 

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1    homestead exemptions, the impact of those exemptions, and
2    the administration or application of those exemptions;
3        (5) an analysis of preferential assessments or
4    incentives, including, but not limited to, the resultant
5    economic impact from preferential assessments; and
6        (6) a review of the State's reliance on property taxes
7    and the historical growth in property tax levies.
8    The Department may consult with Illinois institutions of
9higher education in conducting the study required under this
10Section. The Department may also consult with units of local
11government. To the extent practicable and where applicable,
12the Department may request relevant, publicly available
13property tax information from units of local government,
14including counties and municipalities, that is deemed
15necessary to complete the study required pursuant to this
16Section. Units of local government that are required to submit
17property tax information to the Department must do so in a
18reasonably expedient manner, to the extent possible, but in no
19event later than 60 days after the date upon which the
20Department requests that relevant information.
21    The Department may complete a preliminary report that may
22be made available for public inspection via electronic means
23prior to the publication of the final report under this
24Section. The Department shall complete and submit the final
25report under this Section to the Governor and the General
26Assembly by July 1, 2026. A copy of both the preliminary

 

 

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1report, if made available by the Department, and the final
2report shall be made available to the public via electronic
3means. The Department may allow for the submission of public
4comments from individuals, organizations, or associations
5representing residential property owners, commercial property
6owners, units of local government, or labor unions in Illinois
7prior to finalizing the final report under this Section and
8after publication of the final report under this Section. If
9the Department allows for the submission of public comments,
10the Department shall publish via electronic means any and all
11materials submitted to the Department.
12    This Section is repealed on December 31, 2026.".