Illinois Senate Bill 2178 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on February 26 2021 - 25% progression, died in committee
Action: 2021-04-20 - Added as Co-Sponsor Sen. Patrick J. Joyce
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that certain property located in Bloom, Bremen, Calumet, Rich, Thornton, or Worth Township may be certified by the South Suburban Land Bank and Development Authority, the Cook County Land Bank Development Authority, or both collectively, as a southland reactivation site. Sets forth valuation procedures for southland reactivation property. Provides that, for the first 3 tax years after the property is certified as southland reactivation property, the aggregate tax liability for the property shall be no greater than $100,000 per year. Provides that, beginning with the fourth tax year after the property is certified as southland reactivation property and continuing through the twelfth tax year after the property is certified as southland reactivation property, the property's tax liability shall be increased over the tax liability for the preceding year by 5% or the percentage change in the Consumer Price Index, whichever is less. Effective immediately.

PROP TX-SOUTHLAND PROPERTY

Sen. Elgie Sims [D]

Sen. Napoleon Harris [D]

Sen. William Cunningham [D]

Sen. Patrick Joyce [D]

Date	Chamber	Action
2021-04-20	Senate	Added as Co-Sponsor Sen. Patrick J. Joyce
2021-04-16	Senate	Rule 3-9(a) / Re-referred to Assignments
2021-04-13	Senate	Added as Co-Sponsor Sen. Bill Cunningham
2021-04-06	Senate	Added as Chief Co-Sponsor Sen. Napoleon Harris, III
2021-03-16	Senate	Assigned to Revenue
2021-02-26	Senate	Referred to Assignments
2021-02-26	Senate	First Reading
2021-02-26	Senate	Filed with Secretary by Sen. Elgie R. Sims, Jr.

Chapter	Article	Section	Citation Type	Statute Text
35	200	10-21	New Code	See Bill Text
35	200	10-800	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2178&GAID=16&DocTypeID=SB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/SB/10200SB2178.htm