Loading chat...
IL HB5460
Bill
Status
Failed
1/7/2025
Primary Sponsor
Mary Canty
Click for details
AI Summary
- Department of Revenue shall conduct a study evaluating Illinois's property tax system in consultation with the Department of Commerce and Economic Opportunity
- Study shall examine whether the existing property tax levy, assessment, appeal, and collection processes are reasonable and fair, with recommendations for improvements
- Study must include comprehensive review of Cook County's classification system compared to the rest of the State, including projected impact of transitioning to uniform assessment levels
- Study shall review state laws on assessment appeals, property tax collection issues, statewide assessment systems, current exemptions, preferential assessments, and technology use in data collection and appeals
- Department shall consult with Illinois institutions of higher education on assessment processes while conducting the study
Legislative Description
IDOR-PROP TX STUDY
Last Action
Session Sine Die
1/7/2025
Committee Referrals
Rules4/5/2024
Property Tax3/8/2024
Revenue & Finance3/5/2024
Rules2/9/2024
Full Bill Text
No bill text available