Bill Text: IL SB0319 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the Property Tax Code. Provides that the county clerk shall abate 10% of the taxes imposed on qualified forest property that is part of a proposed new housing development. Provides that the owner of the property shall obtain approval from the Department of Natural Resources and shall submit a conservation plan and a new housing development plan to the Department of Natural Resources. Provides that "qualified forest property" means land of at least one acre that: (i) is at least 10% stocked by forest trees of any size; (ii) includes forest strips that are at least 120 feet wide; (iii) is managed in accordance with a conservation plan approved by the Department of Natural Resources; and (iv) is not developed for non-forest use as of January 1 of the first taxable year of the abatement. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2025-01-07 - Session Sine Die [SB0319 Detail]

Download: Illinois-2023-SB0319-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB0319 Introduced 2/2/2023, by Sen. Laura M. Murphy SYNOPSIS AS INTRODUCED:
35 ILCS 200/18-184.25 new
Amends the Property Tax Code. Provides that the county clerk shall abate 10% of the taxes imposed on qualified forest property that is part of a proposed new housing development. Provides that the owner of the property shall obtain approval from the Department of Natural Resources and shall submit a conservation plan and a new housing development plan to the Department of Natural Resources. Provides that "qualified forest property" means land of at least one acre that: (i) is at least 10% stocked by forest trees of any size; (ii) includes forest strips that are at least 120 feet wide; (iii) is managed in accordance with a conservation plan approved by the Department of Natural Resources; and (iv) is not developed for non-forest use as of January 1 of the first taxable year of the abatement. Effective immediately.
LRB103 25944 HLH 52295 b
A BILL FOR
SB0319 LRB103 25944 HLH 52295 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by adding
Section 18-184.25 as follows:
(35 ILCS 200/18-184.25 new)
Sec. 18-184.25. Qualified forest property abatement for
new housing developments.
(a) Notwithstanding any other provision of law, the county
clerk shall abate 10% of the taxes imposed on qualified forest
property that is part of a proposed new housing development.
To qualify for the abatement, the owner of the property shall
obtain approval from the Department of Natural Resources. The
application for approval shall include a conservation plan
prepared by an arborist for the property as well as a new
housing development plan, both submitted by the owner of the
property. Upon approval by the Department of Natural
Resources, the abatement shall continue as long as the
property meets the criteria for qualified forest property set
forth in this Section.
(b) As used in this Section:
"New housing development plan" means a proposed
development plan with structures that will be used as a home or

SB0319 - 2 - LRB103 25944 HLH 52295 b
residence by one or more persons, including but not limited
to, manufactured homes or multifamily housing.
"Qualified forest property" means land of at least one
acre that: (i) is at least 10% stocked by forest trees of any
size; (ii) includes forest strips that are at least 120 feet
wide; (iii) is managed in accordance with a conservation plan
approved by the Department of Natural Resources under
subsection (a); and (iv) is not developed for non-forest use
as of January 1 of the first taxable year of the abatement.
Section 99. Effective date. This Act takes effect upon
becoming law.