Illinois General Assembly - Bill Status for HB4974

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Bill Status of HB4974 102nd General Assembly

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Short Description: PROP TX-ASSESSMENT

House Sponsors
Rep. Eva-Dina Delgado

Last Action

Date	Chamber	Action
1/10/2023	House	Session Sine Die

Statutes Amended In Order of Appearance

20 ILCS 2505/2505-805 new

35 ILCS 200/9-151 new

35 ILCS 200/12-36 new

Synopsis As Introduced
Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Requires the Department of Revenue to conduct a property tax assessment process study. Amends the Property Tax Code. Limits the increase in the assessment of any commercial or residential property to 15% over the assessed value in the previous tax year and 40% in any 3-year period. Provides that the limitation shall apply in counties with 3,000,000 or more inhabitants and may apply in other counties by ordinance or resolution of the county board. Provides that, in counties with 3,000,000 or more inhabitants, whenever the chief county assessment officer of the county substantively changes the procedure by which he or she assesses properties, the chief county assessment officer shall hold a 60-day public comment period to receive input from members of the public before the change takes effect.

Actions

Date	Chamber	Action
1/26/2022	House	Filed with the Clerk by Rep. Eva-Dina Delgado
1/27/2022	House	First Reading
1/27/2022	House	Referred to Rules Committee
2/9/2022	House	Assigned to Revenue & Finance Committee
2/15/2022	House	To Property Tax Subcommittee
2/18/2022	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2023	House	Session Sine Die

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