Illinois 2023-2024 Regular Session

Illinois House Bill HB3573 Compare Versions

Only one version of the bill is available at this time.

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1	1	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3573 Introduced , by Rep. Eva-Dina Delgado SYNOPSIS AS INTRODUCED: New Act20 ILCS 2505/2505-810 new35 ILCS 200/9-151 new35 ILCS 200/12-36 new 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. LRB103 30465 HLH 56898 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3573 Introduced , by Rep. Eva-Dina Delgado SYNOPSIS AS INTRODUCED: New Act20 ILCS 2505/2505-810 new35 ILCS 200/9-151 new35 ILCS 200/12-36 new New Act 20 ILCS 2505/2505-810 new 35 ILCS 200/9-151 new 35 ILCS 200/12-36 new 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. LRB103 30465 HLH 56898 b LRB103 30465 HLH 56898 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3573 Introduced , by Rep. Eva-Dina Delgado SYNOPSIS AS INTRODUCED:
3	3	New Act20 ILCS 2505/2505-810 new35 ILCS 200/9-151 new35 ILCS 200/12-36 new New Act 20 ILCS 2505/2505-810 new 35 ILCS 200/9-151 new 35 ILCS 200/12-36 new
4	4	New Act
5	5	20 ILCS 2505/2505-810 new
6	6	35 ILCS 200/9-151 new
7	7	35 ILCS 200/12-36 new
8	8	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.
9	9	LRB103 30465 HLH 56898 b LRB103 30465 HLH 56898 b
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14	14	1 AN ACT concerning revenue.
15	15	2 Be it enacted by the People of the State of Illinois,
16	16	3 represented in the General Assembly:
17	17	4 Section 1. Short Title. This Act may be referred to as the
18	18	5 Save Our Businesses and Homes Act.
19	19	6 Section 5. The Department of Revenue Law of the Civil
20	20	7 Administrative Code of Illinois is amended by adding Section
21	21	8 2505-810 as follows:
22	22	9 (20 ILCS 2505/2505-810 new)
23	23	10 Sec. 2505-810. Property tax assessment process study. The
24	24	11 Department shall conduct a study and analyze any information
25	25	12 collected to determine the level of fairness and equity in the
26	26	13 property tax assessment processes in the State. The study
27	27	14 shall focus primarily on the following:
28	28	15 (1) conducting a comprehensive review of the
29	29	16 classification system utilized by Cook County for purposes
30	30	17 of assessing real property in Cook County compared with
31	31	18 the rest of the State, including, but not limited to, a
32	32	19 projection of the impact, if any, that the assessment of
33	33	20 real property in Cook County would exhibit were the
34	34	21 classification system to be phased-out and transitioned to
35	35	22 a uniform level of assessment and the impact, if any, that
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39	39	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3573 Introduced , by Rep. Eva-Dina Delgado SYNOPSIS AS INTRODUCED:
40	40	New Act20 ILCS 2505/2505-810 new35 ILCS 200/9-151 new35 ILCS 200/12-36 new New Act 20 ILCS 2505/2505-810 new 35 ILCS 200/9-151 new 35 ILCS 200/12-36 new
41	41	New Act
42	42	20 ILCS 2505/2505-810 new
43	43	35 ILCS 200/9-151 new
44	44	35 ILCS 200/12-36 new
45	45	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.
46	46	LRB103 30465 HLH 56898 b LRB103 30465 HLH 56898 b
47	47	LRB103 30465 HLH 56898 b
48	48	A BILL FOR
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54	54	New Act
55	55	20 ILCS 2505/2505-810 new
56	56	35 ILCS 200/9-151 new
57	57	35 ILCS 200/12-36 new
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76	76	1 the Cook County classification system has or has had on
77	77	2 economic development or job creation in the county;
78	78	3 (2) conducting a comprehensive review of State laws
79	79	4 relating to the assessment of real property, including the
80	80	5 appeal of assessments at the local and State level;
81	81	6 (3) conducting a comprehensive review of statewide
82	82	7 assessment systems or computer assisted mass appraisal
83	83	8 systems;
84	84	9 (4) conducting a comprehensive review of current
85	85	10 exemptions available, the impact of these exemptions, and
86	86	11 the administration or application of these exemptions;
87	87	12 (5) analyzing preferential assessments, including, but
88	88	13 not limited to, the resultant economic impact from
89	89	14 preferential assessments; and
90	90	15 (6) discussing the use of technology in the data
91	91	16 collection, online review, CAMA analysis, and electronic
92	92	17 appeal filing that may result in improved accountability
93	93	18 and efficiency.
94	94	19 The Department shall consult with Illinois institutions of
95	95	20 higher education having knowledge about the Illinois
96	96	21 assessment processes in conducting the study under this
97	97	22 Section. The Department shall complete a preliminary version
98	98	23 of the report by May 31, 2024 and shall complete a final
99	99	24 version of the report by July 1, 2024. The Department shall
100	100	25 submit the final version of the report to the Governor and the
101	101	26 General Assembly by July 1, 2024. A copy of both the
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112	112	1 preliminary version of the report and the final version of the
113	113	2 report shall be made available to the public via electronic
114	114	3 means. The Department may allow for the submission of public
115	115	4 comments from individuals, organizations, or associations
116	116	5 representing residential property owners, commercial property
117	117	6 owners, or labor unions in Illinois. If the Department allows
118	118	7 for the submission of public comments, the Department shall
119	119	8 publish via electronic means any and all materials submitted
120	120	9 to the Department.
121	121	10 This Section is repealed on December 31, 2024.
122	122	11 Section 10. The Property Tax Code is amended by adding
123	123	12 Sections 9-151 and 12-36 as follows:
124	124	13 (35 ILCS 200/9-151 new)
125	125	14 Sec. 9-151. Limitation on increases of assessed value on
126	126	15 commercial and residential property.
127	127	16 (a) In counties with 3,000,000 or more inhabitants,
128	128	17 beginning with tax year 2023, the chief county assessment
129	129	18 officer of the county shall not increase the assessed value of
130	130	19 any commercial property or residential property by more than
131	131	20 15% over the assessed value in the previous tax year and shall
132	132	21 not increase such assessment by more than 40% in any 3-year
133	133	22 period. In counties with fewer than 3,000,000 inhabitants, the
134	134	23 county board may provide, by ordinance or resolution, that the
135	135	24 provisions of this Section are applicable to that county.
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146	146	1 (b) The limitation set forth in this Section does not
147	147	2 apply to the following:
148	148	3 (1) the assessed value of additions or improvements to
149	149	4 real property in the year those additions or improvements
150	150	5 are first subject to property tax;
151	151	6 (2) the assessed value of real property when a
152	152	7 transfer of ownership has occurred in the year that the
153	153	8 transfer is first subject to property tax;
154	154	9 (3) the assessed value of any real property that has
155	155	10 been reclassified in the year or years following the
156	156	11 reclassification of the property;
157	157	12 (4) when the assessed value increase is due to the
158	158	13 expiration of an incentive classification;
159	159	14 (5) the assessed value of real property that has been
160	160	15 granted a vacancy reduction in the year or years
161	161	16 immediately preceding the year a commercial property
162	162	17 becomes subject to the provisions of this Section; or
163	163	18 (6) the assessed value of commercial property when
164	164	19 there is a technical error in the assessment that is
165	165	20 corrected by the chief county assessment officer of the
166	166	21 county in the year a commercial property becomes subject
167	167	22 to the provisions of this Section.
168	168	23 (c) The limitation provided for under this Section must be
169	169	24 calculated on the land and the improvements as a whole.
170	170	25 (d) Nothing in this Section shall prevent a chief county
171	171	26 assessment officer from reclassifying property as necessary.
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182	182	1 (e) For purposes of this Section:
183	183	2 "Commercial property" means real property that is owned
184	184	3 for the purpose of generating income from the property itself,
185	185	4 whether or not such property actually generates income in a
186	186	5 particular year.
187	187	6 "Residential property" means real property that is
188	188	7 occupied by its owner or owners as his, hers, or their
189	189	8 principal dwelling place, or that is a leasehold interest on
190	190	9 which a single family residence is situated, which is occupied
191	191	10 as a residence by a person who has an ownership interest
192	192	11 therein, legal or equitable or as a lessee, and on which the
193	193	12 person is liable for the payment of property taxes.
194	194	13 (35 ILCS 200/12-36 new)
195	195	14 Sec. 12-36. Public comment period for substantive
196	196	15 assessment process change. Beginning in tax year 2023, in
197	197	16 counties with 3,000,000 or more inhabitants, whenever the
198	198	17 chief county assessment officer of the county substantively
199	199	18 changes the procedure by which he or she assesses properties,
200	200	19 the chief county assessment officer shall hold a 60-day public
201	201	20 comment period to receive input from members of the public
202	202	21 before the change takes effect.
203	203	22 Section 99. Effective date. This Act takes effect upon
204	204	23 becoming law.
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