The impact of HB3830 on state law is primarily administrative and procedural, aiming to refine existing legislation rather than introducing new policies or significant changes. By making technical corrections, the bill is expected to facilitate better understanding and compliance among local government entities and property assessors. This could ultimately lead to more accurate property tax assessments, thereby influencing overall revenue collection in the state.
Summary
House Bill 3830, also known as 'REVENUE-TECH', was introduced by Rep. Daniel Didech during the 104th General Assembly of Illinois. The bill primarily aims to amend the Property Tax Code, particularly through a technical change in Section 1-55 related to the definition of '33 1/3%'. This amendment is intended to clarify any ambiguities or unclear language that may have arisen in previous iterations of the law. Such technical amendments are common as they seek to enhance the efficiency and clarity of state laws regarding property taxation.
Contention
Given the technical nature of the changes proposed by HB3830, there has not been substantial public contention or debate surrounding the bill. These types of amendments usually garner less attention compared to broader tax reform proposals. However, as with any changes to the Property Tax Code, there may be specific stakeholders—such as tax professionals or local government officials—who closely monitor these developments to ensure that any technical adjustments align with their operational needs and objectives.