Illinois Senate Bill 83 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 3 2021 - 25% progression, died in committee
Action: 2021-02-03 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Creates the Site Value Tax Law within the Property Tax Code. Provides that each taxing district may, by ordinance, levy a site value tax upon the assessed value of land within the taxing district. Provides that "assessed value" means 33 1/3% of the fair cash value of the land, without regard to buildings, structures, improvements, or other permanent fixtures on the land, except for the value of oil, gas, coal, and other minerals in the land and the right to remove such oil, gas, coal, and other minerals from the land. Contains provisions concerning enforcement and collection. Effective immediately.

PROPERTY TAX-SITE VALUE

Sen. Win Stoller [R]

Date	Chamber	Action
2021-02-03	Senate	Referred to Assignments
2021-02-03	Senate	First Reading
2021-02-03	Senate	Filed with Secretary by Sen. Win Stoller

Chapter	Article	Section	Citation Type	Statute Text
35	200	31.1-1	New Code	See Bill Text
35	200	31.1-10	New Code	See Bill Text
35	200	31.1-5	New Code	See Bill Text
35	200	Art. 31.1 headin	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=83&GAID=16&DocTypeID=SB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/SB/10200SB0083.htm