Illinois House Bill 5097 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 27 2022 - 25% progression, died in committee
Action: 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that, in a county that classifies property for the purposes of taxation, a taxpayer that is liable for the payment of real property taxes on property containing an indoor shopping mall may apply with the chief county assessment officer to have that property classified in the same manner as a warehouse located in the county. Provides that, to receive the classification, the owner of the indoor shopping mall must offer rent to all of its tenants that is below market value for commercial space in the geographic area, as determined by the chief county assessment officer. Preempts the concurrent exercise of home rule powers.

PROP TX-INDOOR MALL

Rep. Rita Mayfield [D]

Date	Chamber	Action
2022-02-18	House	Rule 19(a) / Re-referred to Rules Committee
2022-02-15	House	To Property Tax Subcommittee
2022-02-09	House	Assigned to Revenue & Finance Committee
2022-01-27	House	Referred to Rules Committee
2022-01-27	House	First Reading
2022-01-27	House	Filed with the Clerk by Rep. Rita Mayfield

Chapter	Article	Section	Citation Type	Statute Text
35	200	10-21	New Code	See Bill Text
35	200	10-765	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5097&GAID=16&DocTypeID=HB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/HB/10200HB5097.htm