Bill Title: Amends the Property Tax Code. In provisions concerning platted and subdivided but undeveloped property, provides that (i) beginning with the 2025 taxable year, no property's assessed value shall be reduced to less than $150 under those provisions and (ii) beginning with the 2035 taxable year, no property shall be eligible for calculation of its assessed value under those provisions for more than a 10-year period.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-01-31 - Filed with the Clerk by Rep. Natalie A. Manley [HB2382 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2025-01-31	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB2382

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB2382 currently on file.

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