IL HR0139

Creates the Fair and Equitable Assessment of Property Task Force to study property tax assessment issues and make recommendations for improvements.

Task Force shall conduct comprehensive reviews of state assessment laws, CAMA systems, assessment jurisdictions, property tax exemptions, TIFs, and preferential assessments like farm valuations and open space designations.

Task Force composition includes the Governor (Chair), Illinois Department of Revenue Secretary, four legislators (one each appointed by Senate President, Senate Minority Leader, House Speaker, and House Minority Leader), and four Governor-appointed public/private sector representatives.

Task Force must hold at least four meetings throughout the State and submit final report to Governor and General Assembly by December 31, 2017, then dissolve.

Illinois Department of Revenue shall provide staffing and administrative support; Task Force operations subject to Illinois Freedom of Information Act and Open Meeting Act.