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IL HB5464

Bill

Official Source

Status

Introduced

2/6/2026

Primary Sponsor

Justin Slaughter

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Allows county boards to require owners of income-producing properties to file physical descriptions of their properties with the chief county assessment officer upon request via ordinance or resolution
  • Requires assessment office requests to include an itemized statement of all property information already on record, with an option for owners to confirm if no changes are needed
  • Imposes penalties on property owners who fail to respond to requests for physical description information
  • Exempts financial records related to real estate income, expenses, and occupancy submitted to county assessment officers from public disclosure under the Freedom of Information Act, unless submitted as part of an assessment appeal
  • Takes effect immediately upon becoming law

Legislative Description

PROP TX-INCOME PROPERTY

Last Action

Assigned to Revenue & Finance Committee

3/12/2026

Committee Referrals

Revenue & Finance3/12/2026
Rules2/13/2026

Full Bill Text

No bill text available