Bill Text: IL SB3455 | 2023-2024 | 103rd General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Reinserts the provisions of the introduced bill. Provides that the Department of Revenue may determine the scope of the historical data necessary to complete the study, but in no event shall the scope or time period be less than the 10 most recent tax years for which the Department has complete data. Provides that the study need not be limited to certain specified factors. Removes provisions from the introduced bill providing that the study shall include an analysis of the use of technology in data collection. Provides that the Department of Revenue may (in the introduced bill, shall) consult with Illinois institutions of higher education in conducting the study. Provides that the Department of Revenue may also consult with units of local government. Makes other changes.

Spectrum: Slight Partisan Bill (Democrat 10-6)

Status: (Enrolled) 2024-06-18 - Sent to the Governor [SB3455 Detail]

Download: Illinois-2023-SB3455-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB3455 Introduced 2/8/2024, by Sen. Robert F. Martwick SYNOPSIS AS INTRODUCED:
20 ILCS 2505/2505-815 new
Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue, in consultation with the Department of Commerce and Economic Opportunity, shall conduct a study to evaluate the property tax system in the State. Provides that the Department may also determine whether the existing property tax levy, assessment, appeal, and collection process is reasonable and fair and may issue recommendations to improve that process.
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A BILL FOR
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AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Department of Revenue Law of the Civil
Administrative Code of Illinois is amended by adding Section
2505-815 as follows:
(20 ILCS 2505/2505-815 new)
Sec. 2505-815. Property tax system study. The Department,
in consultation with the Department of Commerce and Economic
Opportunity, shall conduct a study to evaluate the property
tax system in the State and shall analyze any information
collected in connection with that study. The Department may
also examine whether the existing property tax levy,
assessment, appeal, and collection process is reasonable and
fair and may issue recommendations to improve that process.
The study shall include the following:
(1) a comprehensive review of the classification
system used by Cook County in assessing real property in
Cook County compared with the rest of the State,
including, but not limited to, a projection of the impact,
if any, that the assessment of real property in Cook
County would exhibit if the classification system were to
be phased-out and transitioned to a uniform level of

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assessment, and the impact, if any, that the Cook County
classification system has or has had on economic
development or job creation in the county;
(2) a comprehensive review of State laws concerning
the appeal of assessments at the local and State level and
State laws concerning the collection of property taxes,
including any issues that have resulted in delays in
issuing property tax bills;
(3) a comprehensive review of statewide assessment
systems or computer assisted mass appraisal systems;
(4) a comprehensive review of current property tax
exemptions, the impact of those exemptions, and the
administration or application of those exemptions;
(5) an analysis of preferential assessments or
incentives, including, but not limited to, the resultant
economic impact from preferential assessments;
(6) a review of the State's reliance on property taxes
and the historical growth in property tax levies; and
(7) an analysis of the use of technology in data
collection, online review, CAMA analysis, and electronic
appeal filing that may result in improved accountability
and efficiency.
The Department shall consult with Illinois institutions of
higher education having knowledge about the Illinois
assessment processes in conducting the study under this
Section.

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