IL HB2992

Amends Section 15-10 of the Property Tax Code regarding procedures for exempt property certification.

Requires chief county assessment officers to notify taxing districts by first-class mail if they fail to timely file required affidavits regarding exempt property, prior to terminating the exemption.

Maintains existing requirements that titleholders or beneficial interest owners file annual affidavits by January 31 (or May 31 for certain properties) stating whether there has been any change in ownership, use, or status of the property.

Allows owners of 5 or more exempt parcels within a county to file a single annual affidavit instead of individual affidavits for each parcel.