Bill Amendment: IL SB3455 | 2023-2024 | 103rd General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: IDOR-PROP TX STUDY
Status: 2024-08-09 - Public Act . . . . . . . . . 103-1002 [SB3455 Detail]
Download: Illinois-2023-SB3455-Senate_Amendment_001.html
Bill Title: IDOR-PROP TX STUDY
Status: 2024-08-09 - Public Act . . . . . . . . . 103-1002 [SB3455 Detail]
Download: Illinois-2023-SB3455-Senate_Amendment_001.html
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1 | AMENDMENT TO SENATE BILL 3455 | ||||||
2 | AMENDMENT NO. ______. Amend Senate Bill 3455 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Department of Revenue Law of the Civil | ||||||
5 | Administrative Code of Illinois is amended by adding Section | ||||||
6 | 2505-815 as follows:
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7 | (20 ILCS 2505/2505-815 new) | ||||||
8 | Sec. 2505-815. Property tax system study. The Department, | ||||||
9 | in consultation with the Department of Commerce and Economic | ||||||
10 | Opportunity, shall conduct a study to evaluate the property | ||||||
11 | tax system in the State and shall analyze any information | ||||||
12 | collected in connection with that study. The Department may | ||||||
13 | also examine whether the existing property tax levy, | ||||||
14 | assessment, appeal, and collection process is reasonable and | ||||||
15 | fair and may issue recommendations to improve that process. | ||||||
16 | For purposes of conducting the study and analyzing the data |
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1 | required under this Section, the Department may determine the | ||||||
2 | scope of the historical data necessary to complete the study, | ||||||
3 | but in no event shall the scope or time period be less than the | ||||||
4 | 10 most recent tax years for which the Department has complete | ||||||
5 | data. The study shall include, but need not be limited to, the | ||||||
6 | following: | ||||||
7 | (1) a comprehensive review of the classification | ||||||
8 | system used by Cook County in assessing real property in | ||||||
9 | Cook County compared with the rest of the State, | ||||||
10 | including, but not limited to, a projection of the impact, | ||||||
11 | if any, that the assessment of real property in Cook | ||||||
12 | County would exhibit if the classification system were to | ||||||
13 | be phased-out and transitioned to a uniform level of | ||||||
14 | assessment, and the impact, if any, that the Cook County | ||||||
15 | classification system has or has had on economic | ||||||
16 | development or job creation in the county; | ||||||
17 | (2) a comprehensive review of State laws concerning | ||||||
18 | the appeal of assessments at the local and State level and | ||||||
19 | State laws concerning the collection of property taxes, | ||||||
20 | including any issues that have resulted in delays in | ||||||
21 | issuing property tax bills; | ||||||
22 | (3) a comprehensive review of statewide assessment | ||||||
23 | processes, including a comparison of assessment process in | ||||||
24 | Cook County and other counties and practices in other | ||||||
25 | states that allow for standardized assessment processes; | ||||||
26 | (4) a comprehensive review of current property tax |
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1 | homestead exemptions, the impact of those exemptions, and | ||||||
2 | the administration or application of those exemptions; | ||||||
3 | (5) an analysis of preferential assessments or | ||||||
4 | incentives, including, but not limited to, the resultant | ||||||
5 | economic impact from preferential assessments; and | ||||||
6 | (6) a review of the State's reliance on property taxes | ||||||
7 | and the historical growth in property tax levies. | ||||||
8 | The Department may consult with Illinois institutions of | ||||||
9 | higher education in conducting the study required under this | ||||||
10 | Section. The Department may also consult with units of local | ||||||
11 | government. To the extent practicable and where applicable, | ||||||
12 | the Department may request relevant, publicly available | ||||||
13 | property tax information from units of local government, | ||||||
14 | including counties and municipalities, that is deemed | ||||||
15 | necessary to complete the study required pursuant to this | ||||||
16 | Section. Units of local government that are required to submit | ||||||
17 | property tax information to the Department must do so in a | ||||||
18 | reasonably expedient manner, to the extent possible, but in no | ||||||
19 | event later than 60 days after the date upon which the | ||||||
20 | Department requests that relevant information. | ||||||
21 | The Department may complete a preliminary report that may | ||||||
22 | be made available for public inspection via electronic means | ||||||
23 | prior to the publication of the final report under this | ||||||
24 | Section. The Department shall complete and submit the final | ||||||
25 | report under this Section to the Governor and the General | ||||||
26 | Assembly by July 1, 2026. A copy of both the preliminary |
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