Illinois General Assembly - Full Text of HB2596
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Full Text of HB2596  103rd General Assembly




State of Illinois
2023 and 2024


Introduced 2/15/2023, by Rep. Adam M. Niemerg


35 ILCS 200/18-184.25 new

    Amends the Property Tax Code. Creates an abatement for property located in a blighted area if the owner of the property enters into an agreement with the corporate authorities of the municipality in which the property is located for the renovation, demolition, or improvement of the property. Provides that the abatement shall apply for a period of 20 years. Effective immediately.

LRB103 26016 HLH 52370 b





HB2596LRB103 26016 HLH 52370 b

1    AN ACT concerning revenue.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Property Tax Code is amended by adding
5Section 18-184.25 as follows:
6    (35 ILCS 200/18-184.25 new)
7    Sec. 18-184.25. Revitalization abatement.
8    (a) For assessment year 2023 and thereafter, the corporate
9authorities may, by ordinance, designate one or more areas
10within the municipality as blighted. If the owner of any
11property located within a designated blighted area enters into
12an agreement with the corporate authorities of the
13municipality for the renovation, demolition, or improvement of
14blighted property, then the corporate authorities of the
15municipality may order the county clerk to abate a portion of
16the taxes levied by the municipality and any other taxing
17district on that property. The amount of the abatement may not
18exceed the difference between (i) the amount of property taxes
19paid with respect to that property in the base year and (ii)
20the amount of property taxes that would otherwise be due in the
21assessment year for which the abatement is sought. An
22abatement adopted under this Section shall be extended to all
23subsequent owners of an eligible property during the abatement



HB2596- 2 -LRB103 26016 HLH 52370 b

1period. The abatement shall apply for a period of 20 years.
2    (b) Before final adoption of an abatement ordinance under
3this Section, the governing authority of the municipality
4shall notify each affected taxing district of the pending
5ordinance by mail. The governing authority of each affected
6taxing district shall, within 10 days after the ordinance is
7proposed, appoint one member to serve on an Abatement Review
8Board to review the terms and conditions of the proposed
9abatement ordinance. The Board shall be convened by the mayor
10or village president of the municipality considering the
11abatement ordinance. The ordinance shall be adopted not less
12than 45 days after the Board is convened. Failure to appoint a
13member to the Board does not affect work of the Board. The
14Board shall report the findings and conclusions to the
15governing authority of the municipality not later than 30 days
16after it is convened.
17    (c) As used in this Section, "base year" means the
18assessment year prior to the assessment year in which the
19taxpayer enters into an agreement with the corporate
20authorities of the municipality.
21    Section 99. Effective date. This Act takes effect upon
22becoming law.