HB0238 Summary

• Amends the Property Tax Code to add Section 18-165(a)(11), allowing taxing districts to abate taxes on property used by businesses that did not have a location in Illinois in the previous taxable year.

• Tax abatement under this provision is capped at $1,000,000 total across all taxing districts in any single taxable year.

• Taxing districts must vote by majority to approve any tax abatement under this section, with the county clerk responsible for processing the abatement order.

• Takes effect immediately upon becoming law.