Bill Text: IL SB3455 | 2023-2024 | 103rd General Assembly | Enrolled
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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: (Passed) 2024-08-09 - Public Act . . . . . . . . . 103-1002 [SB3455 Detail]
Download: Illinois-2023-SB3455-Enrolled.html
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: (Passed) 2024-08-09 - Public Act . . . . . . . . . 103-1002 [SB3455 Detail]
Download: Illinois-2023-SB3455-Enrolled.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois, | ||||||
3 | represented in the General Assembly:
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4 | Section 5. The Department of Revenue Law of the Civil | ||||||
5 | Administrative Code of Illinois is amended by adding Section | ||||||
6 | 2505-815 as follows:
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7 | (20 ILCS 2505/2505-815 new) | ||||||
8 | Sec. 2505-815. Property tax system study. The Department, | ||||||
9 | in consultation with the Department of Commerce and Economic | ||||||
10 | Opportunity, shall conduct a study to evaluate the property | ||||||
11 | tax system in the State and shall analyze any information | ||||||
12 | collected in connection with that study. The Department may | ||||||
13 | also examine whether the existing property tax levy, | ||||||
14 | assessment, appeal, and collection process is reasonable and | ||||||
15 | fair and may issue recommendations to improve that process. | ||||||
16 | For purposes of conducting the study and analyzing the data | ||||||
17 | required under this Section, the Department may determine the | ||||||
18 | scope of the historical data necessary to complete the study, | ||||||
19 | but in no event shall the scope or time period be less than the | ||||||
20 | 10 most recent tax years for which the Department has complete | ||||||
21 | data. The study shall include, but need not be limited to, the | ||||||
22 | following: | ||||||
23 | (1) a comprehensive review of the classification |
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1 | system used by Cook County in assessing real property in | ||||||
2 | Cook County compared with the rest of the State, | ||||||
3 | including, but not limited to, a projection of the impact, | ||||||
4 | if any, that the assessment of real property in Cook | ||||||
5 | County would exhibit if the classification system were to | ||||||
6 | be phased-out and transitioned to a uniform level of | ||||||
7 | assessment, and the impact, if any, that the Cook County | ||||||
8 | classification system has or has had on economic | ||||||
9 | development or job creation in the county; | ||||||
10 | (2) a comprehensive review of State laws concerning | ||||||
11 | the appeal of assessments at the local and State level and | ||||||
12 | State laws concerning the collection of property taxes, | ||||||
13 | including any issues that have resulted in delays in | ||||||
14 | issuing property tax bills; | ||||||
15 | (3) a comprehensive review of statewide assessment | ||||||
16 | processes, including a comparison of assessment process in | ||||||
17 | Cook County and other counties and practices in other | ||||||
18 | states that allow for standardized assessment processes; | ||||||
19 | (4) a comprehensive review of current property tax | ||||||
20 | homestead exemptions, the impact of those exemptions, and | ||||||
21 | the administration or application of those exemptions; | ||||||
22 | (5) an analysis of preferential assessments or | ||||||
23 | incentives, including, but not limited to, the resultant | ||||||
24 | economic impact from preferential assessments; and | ||||||
25 | (6) a review of the State's reliance on property taxes | ||||||
26 | and the historical growth in property tax levies. |
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1 | The Department may consult with Illinois institutions of | ||||||
2 | higher education in conducting the study required under this | ||||||
3 | Section. The Department may also consult with units of local | ||||||
4 | government. To the extent practicable and where applicable, | ||||||
5 | the Department may request relevant, publicly available | ||||||
6 | property tax information from units of local government, | ||||||
7 | including counties and municipalities, that is deemed | ||||||
8 | necessary to complete the study required pursuant to this | ||||||
9 | Section. Units of local government that are required to submit | ||||||
10 | property tax information to the Department must do so in a | ||||||
11 | reasonably expedient manner, to the extent possible, but in no | ||||||
12 | event later than 60 days after the date upon which the | ||||||
13 | Department requests that relevant information. | ||||||
14 | The Department may complete a preliminary report that may | ||||||
15 | be made available for public inspection via electronic means | ||||||
16 | prior to the publication of the final report under this | ||||||
17 | Section. The Department shall complete and submit the final | ||||||
18 | report under this Section to the Governor and the General | ||||||
19 | Assembly by July 1, 2026. A copy of both the preliminary | ||||||
20 | report, if made available by the Department, and the final | ||||||
21 | report shall be made available to the public via electronic | ||||||
22 | means. The Department may allow for the submission of public | ||||||
23 | comments from individuals, organizations, or associations | ||||||
24 | representing residential property owners, commercial property | ||||||
25 | owners, units of local government, or labor unions in Illinois | ||||||
26 | prior to finalizing the final report under this Section and |
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