IL HB2546

Amends the Property Tax Code Section 31-10 to impose an additional real estate transfer tax on private equity firm purchases of Illinois property.

Imposes an additional tax of $0.035 per $100 of value when a private equity firm with more than $10,000,000 in assets acquires a beneficial interest in real property located in Illinois.

Additional tax applies only to transfers of beneficial interests in real property, not to all types of real estate transfers covered under existing law.

Becomes effective immediately upon passage.