IL SB2154

Adds provision to Property Tax Code Section 1-130 that buildings, structures, and improvements not permanently attached to land are not considered property for tax purposes under the Code.

Mobile homes and manufactured homes located outside mobile home parks that were taxed under the Mobile Home Local Services Tax Act continue to be taxed under that act until sold, transferred, or relocated to a different parcel.

Mobile homes and manufactured homes become subject to real property assessment and taxation upon sale, transfer, or relocation to a different parcel outside a mobile home park, regardless of permanent foundation attachment status.

Mobile homes and manufactured homes already assessed as real property on the effective date continue to be taxed as real property, whether or not affixed to permanent foundations.

Homes relocated into mobile home parks must be taxed as chattel under the Mobile Home Local Services Tax Act; owners may request assessment as real property with the county assessment officer.