Illinois 2025-2026 Regular Session

Illinois Senate Bill SB1644 Compare Versions

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

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1	1	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB1644 Introduced 2/5/2025, by Sen. Sue Rezin SYNOPSIS AS INTRODUCED: 35 ILCS 200/20-15 Amends the Property Tax Code. Provides that each tax bill shall contain a statement for each tax increment financing (TIF) district in which the property is located setting forth the amount that each taxing district that contains all or part of the TIF district would have received for the taxable year in the absence of the TIF district. Effective immediately. LRB104 04492 HLH 14519 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB1644 Introduced 2/5/2025, by Sen. Sue Rezin SYNOPSIS AS INTRODUCED: 35 ILCS 200/20-15 35 ILCS 200/20-15 Amends the Property Tax Code. Provides that each tax bill shall contain a statement for each tax increment financing (TIF) district in which the property is located setting forth the amount that each taxing district that contains all or part of the TIF district would have received for the taxable year in the absence of the TIF district. Effective immediately. LRB104 04492 HLH 14519 b LRB104 04492 HLH 14519 b A BILL FOR
2	2	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB1644 Introduced 2/5/2025, by Sen. Sue Rezin SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 200/20-15 35 ILCS 200/20-15
4	4	35 ILCS 200/20-15
5	5	Amends the Property Tax Code. Provides that each tax bill shall contain a statement for each tax increment financing (TIF) district in which the property is located setting forth the amount that each taxing district that contains all or part of the TIF district would have received for the taxable year in the absence of the TIF district. Effective immediately.
6	6	LRB104 04492 HLH 14519 b LRB104 04492 HLH 14519 b
7	7	LRB104 04492 HLH 14519 b
8	8	A BILL FOR
9	9	SB1644LRB104 04492 HLH 14519 b SB1644 LRB104 04492 HLH 14519 b
10	10	SB1644 LRB104 04492 HLH 14519 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 changing
15	15	5 Section 20-15 as follows:
16	16	6 (35 ILCS 200/20-15)
17	17	7 Sec. 20-15. Information on bill or separate statement.
18	18	8 There shall be printed on each bill, or on a separate slip
19	19	9 which shall be mailed with the bill:
20	20	10 (a) a statement itemizing the rate at which taxes have
21	21	11 been extended for each of the taxing districts in the
22	22	12 county in whose district the property is located, and in
23	23	13 those counties utilizing electronic data processing
24	24	14 equipment the dollar amount of tax due from the person
25	25	15 assessed allocable to each of those taxing districts,
26	26	16 including a separate statement of the dollar amount of tax
27	27	17 due which is allocable to a tax levied under the Illinois
28	28	18 Local Library Act or to any other tax levied by a
29	29	19 municipality or township for public library purposes,
30	30	20 (b) a separate statement for each of the taxing
31	31	21 districts of the dollar amount of tax due which is
32	32	22 allocable to a tax levied under the Illinois Pension Code
33	33	23 or to any other tax levied by a municipality or township
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37	37	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB1644 Introduced 2/5/2025, by Sen. Sue Rezin SYNOPSIS AS INTRODUCED:
38	38	35 ILCS 200/20-15 35 ILCS 200/20-15
39	39	35 ILCS 200/20-15
40	40	Amends the Property Tax Code. Provides that each tax bill shall contain a statement for each tax increment financing (TIF) district in which the property is located setting forth the amount that each taxing district that contains all or part of the TIF district would have received for the taxable year in the absence of the TIF district. Effective immediately.
41	41	LRB104 04492 HLH 14519 b LRB104 04492 HLH 14519 b
42	42	LRB104 04492 HLH 14519 b
43	43	A BILL FOR
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49	49	35 ILCS 200/20-15
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68	68	1 for public pension or retirement purposes,
69	69	2 (b-5) a list of each tax increment financing (TIF)
70	70	3 district in which the property is located and the dollar
71	71	4 amount of tax due that is allocable to the TIF district,
72	72	5 (b-6) a statement for each tax increment financing
73	73	6 (TIF) district in which the property is located setting
74	74	7 forth the amount that each taxing district that contains
75	75	8 all or part of the TIF district would have received for the
76	76	9 taxable year in the absence of the TIF district,
77	77	10 (c) the total tax rate,
78	78	11 (d) the total amount of tax due, and
79	79	12 (e) the amount by which the total tax and the tax
80	80	13 allocable to each taxing district differs from the
81	81	14 taxpayer's last prior tax bill.
82	82	15 The county treasurer shall ensure that only those taxing
83	83	16 districts in which a parcel of property is located shall be
84	84	17 listed on the bill for that property.
85	85	18 In all counties the statement shall also provide:
86	86	19 (1) the property index number or other suitable
87	87	20 description,
88	88	21 (2) the assessment of the property,
89	89	22 (3) the statutory amount of each homestead exemption
90	90	23 applied to the property,
91	91	24 (4) the assessed value of the property after
92	92	25 application of all homestead exemptions,
93	93	26 (5) the equalization factors imposed by the county and
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104	104	1 by the Department, and
105	105	2 (6) the equalized assessment resulting from the
106	106	3 application of the equalization factors to the basic
107	107	4 assessment.
108	108	5 In all counties which do not classify property for
109	109	6 purposes of taxation, for property on which a single family
110	110	7 residence is situated the statement shall also include a
111	111	8 statement to reflect the fair cash value determined for the
112	112	9 property. In all counties which classify property for purposes
113	113	10 of taxation in accordance with Section 4 of Article IX of the
114	114	11 Illinois Constitution, for parcels of residential property in
115	115	12 the lowest assessment classification the statement shall also
116	116	13 include a statement to reflect the fair cash value determined
117	117	14 for the property.
118	118	15 In all counties, the statement must include information
119	119	16 that certain taxpayers may be eligible for tax exemptions,
120	120	17 abatements, and other assistance programs and that, for more
121	121	18 information, taxpayers should consult with the office of their
122	122	19 township or county assessor and with the Department of
123	123	20 Revenue. For bills mailed on or after January 1, 2026, the
124	124	21 statement must include, in bold face type, a list of
125	125	22 exemptions available to taxpayers and contact information for
126	126	23 the chief county assessment officer.
127	127	24 In counties which use the estimated or accelerated billing
128	128	25 methods, these statements shall only be provided with the
129	129	26 final installment of taxes due. The provisions of this Section
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140	140	1 create a mandatory statutory duty. They are not merely
141	141	2 directory or discretionary. The failure or neglect of the
142	142	3 collector to mail the bill, or the failure of the taxpayer to
143	143	4 receive the bill, shall not affect the validity of any tax, or
144	144	5 the liability for the payment of any tax.
145	145	6 (Source: P.A. 103-592, eff. 1-1-25.)
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