Illinois 2025-2026 Regular Session

Illinois House Bill HB3245 Compare Versions

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

Old	New	Differences
1	1	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3245 Introduced , by Rep. Adam M. Niemerg SYNOPSIS AS INTRODUCED: 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. LRB104 10348 HLH 20422 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3245 Introduced , by Rep. Adam M. Niemerg SYNOPSIS AS INTRODUCED: 35 ILCS 200/18-184.25 new 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. LRB104 10348 HLH 20422 b LRB104 10348 HLH 20422 b A BILL FOR
2	2	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3245 Introduced , by Rep. Adam M. Niemerg SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 200/18-184.25 new 35 ILCS 200/18-184.25 new
4	4	35 ILCS 200/18-184.25 new
5	5	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.
6	6	LRB104 10348 HLH 20422 b LRB104 10348 HLH 20422 b
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8	8	A BILL FOR
9	9	HB3245LRB104 10348 HLH 20422 b HB3245 LRB104 10348 HLH 20422 b
10	10	HB3245 LRB104 10348 HLH 20422 b
11	11	1 AN ACT concerning revenue.
12	12	2 Be it enacted by the People of the State of Illinois,
13	13	3 represented in the General Assembly:
14	14	4 Section 5. The Property Tax Code is amended by adding
15	15	5 Section 18-184.25 as follows:
16	16	6 (35 ILCS 200/18-184.25 new)
17	17	7 Sec. 18-184.25. Revitalization abatement.
18	18	8 (a) For assessment year 2025 and thereafter, the corporate
19	19	9 authorities may, by ordinance, designate one or more areas
20	20	10 within the municipality as blighted. If the owner of any
21	21	11 property located within a designated blighted area enters into
22	22	12 an agreement with the corporate authorities of the
23	23	13 municipality for the renovation, demolition, or improvement of
24	24	14 blighted property, then the corporate authorities of the
25	25	15 municipality may order the county clerk to abate a portion of
26	26	16 the taxes levied by the municipality and any other taxing
27	27	17 district on that property. The amount of the abatement may not
28	28	18 exceed the difference between (i) the amount of property taxes
29	29	19 paid with respect to that property in the base year and (ii)
30	30	20 the amount of property taxes that would otherwise be due in the
31	31	21 assessment year for which the abatement is sought. An
32	32	22 abatement adopted under this Section shall be extended to all
33	33	23 subsequent owners of an eligible property during the abatement
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37	37	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3245 Introduced , by Rep. Adam M. Niemerg SYNOPSIS AS INTRODUCED:
38	38	35 ILCS 200/18-184.25 new 35 ILCS 200/18-184.25 new
39	39	35 ILCS 200/18-184.25 new
40	40	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.
41	41	LRB104 10348 HLH 20422 b LRB104 10348 HLH 20422 b
42	42	LRB104 10348 HLH 20422 b
43	43	A BILL FOR
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49	49	35 ILCS 200/18-184.25 new
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68	68	1 period. The abatement shall apply for a period of 20 years.
69	69	2 (b) Before final adoption of an abatement ordinance under
70	70	3 this Section, the governing authority of the municipality
71	71	4 shall notify each affected taxing district of the pending
72	72	5 ordinance by mail. The governing authority of each affected
73	73	6 taxing district shall, within 10 days after the ordinance is
74	74	7 proposed, appoint one member to serve on an Abatement Review
75	75	8 Board to review the terms and conditions of the proposed
76	76	9 abatement ordinance. The Board shall be convened by the mayor
77	77	10 or village president of the municipality considering the
78	78	11 abatement ordinance. The ordinance shall be adopted not less
79	79	12 than 45 days after the Board is convened. Failure to appoint a
80	80	13 member to the Board does not affect work of the Board. The
81	81	14 Board shall report the findings and conclusions to the
82	82	15 governing authority of the municipality not later than 30 days
83	83	16 after it is convened.
84	84	17 (c) As used in this Section, "base year" means the
85	85	18 assessment year prior to the assessment year in which the
86	86	19 taxpayer enters into an agreement with the corporate
87	87	20 authorities of the municipality.
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93	93	HB3245 - 2 - LRB104 10348 HLH 20422 b