Bill Title: Amends the Property Tax Code. In counties with fewer than 3,000,000 inhabitants, provides that property that receives an erroneous homestead exemption for the current assessment year or for any of the 3 prior assessment years may be considered omitted property. Provides for penalties and interest to be imposed on that omitted property. Provides that any arrearage of taxes or interest that might have been assessed against that omitted property shall not be chargeable to certain bona fide purchasers of the property. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-02-25 - Assigned to Revenue & Finance Committee [HB1801 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2025-01-27	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB1801

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB1801 currently on file.

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