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IL HB0373

Bill

Official Source

Status

Introduced

1/29/2021

Primary Sponsor

Daniel Didech

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Amends the Property Tax Code to change how properties with solar energy systems are valued for tax purposes starting in assessment year 2021
  • Requires county assessment officers to automatically apply an alternate valuation equal to the lesser of the property's value with or without the solar energy system
  • Eliminates the requirement for property owners to file an application to receive the alternate valuation for solar energy systems
  • Prior to 2021, property owners had to file a claim with the chief county assessment officer to receive the lower valuation
  • Ensures property owners installing solar panels will not face higher property tax assessments as a result of the installation

Legislative Description

PROP TX-SOLAR ENERGY SYSTEMS

Last Action

Rule 19(a) / Re-referred to Rules Committee

3/27/2021

Committee Referrals

Rules3/27/2021
Property Tax3/11/2021
Revenue & Finance3/2/2021
Rules1/29/2021

Full Bill Text

No bill text available