IL SB2974

Amends the Property Tax Code to exclude buildings, structures, and improvements that are not permanently attached to the land from property tax assessment purposes.

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

Mobile homes and manufactured homes sold, transferred, or relocated outside mobile home parks must be assessed and taxed as real property regardless of permanent foundation attachment status.

Mobile homes and manufactured homes located within mobile home parks must be taxed according to the Mobile Home Local Services Tax Act.

Spent fuel pools and dry cask storage systems from nuclear power plants decommissioned before January 1, 2021 are considered real property assessable based on national evaluations of effective value per pound of spent nuclear fuel.