Illinois General Assembly - Bill Status for HB5097
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 Bill Status of HB5097  102nd General Assembly

Short Description:  PROP TX-INDOOR MALL

House Sponsors
Rep. Rita Mayfield

Last Action
DateChamber Action
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/Art. 10 Div. 21 heading new
35 ILCS 200/10-765 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that, in a county that classifies property for the purposes of taxation, a taxpayer that is liable for the payment of real property taxes on property containing an indoor shopping mall may apply with the chief county assessment officer to have that property classified in the same manner as a warehouse located in the county. Provides that, to receive the classification, the owner of the indoor shopping mall must offer rent to all of its tenants that is below market value for commercial space in the geographic area, as determined by the chief county assessment officer. Preempts the concurrent exercise of home rule powers.

DateChamber Action
  1/27/2022HouseFiled with the Clerk by Rep. Rita Mayfield
  1/27/2022HouseFirst Reading
  1/27/2022HouseReferred to Rules Committee
  2/9/2022HouseAssigned to Revenue & Finance Committee
  2/15/2022HouseTo Property Tax Subcommittee
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee

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