SB 1379

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate Apr 04, 2019
  • Passed Senate Apr 04, 2019
  • House
  • Governor

Prop Tx-Income Producing Prop

Abstract

Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, taxpayers of income producing property shall submit income and expense data related to the property annually to the chief county assessment officer. Provides that, in counties with fewer than 3,000,000 inhabitants, the county board may provide by resolution that taxpayers of income producing property shall submit income and expense data annually to the chief county assessment officer. Provides that, when determining the value of property for assessment purposes, the assessor may consider all relevant information pertaining to the fair cash value of the property, including, but not limited to, income and expense data, sales data, property characteristics data, construction cost data, appraisals, and other valuation information. Effective immediately. Senate Committee Amendment No. 1 Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes: (1) provides that the term "income producing property" includes only non-owner-occupied real property; (2) defines "property"; (3) provides that failure to submit income and expense data shall result in a penalty of 0.5% (in the introduced bill, 2%) of the prior year's assessed value; (4) provides that the taxpayer shall not be required to pay more than $100,000 in penalties per property; (5) removes provisions from the introduced bill providing that, if the taxpayer fails to submit income and expense data, the taxpayer shall not be permitted to appeal the assessment of that income producing property for the applicable taxable year; and (6) provides that the chief county assessment officer is not prohibited from disclosing compiled and anonymized income and expense data. Effective immediately. Senate Floor Amendment No. 2 Deletes reference to: 35 ILCS 200/9-155 35 ILCS 200/9-160 Replaces everything after the enacting clause. Reinserts the provisions of Senate Amendment 1 with changes. Removes conforming changes concerning income and expense data, but retains the new Article concerning income-producing property. Provides that the term "income and expense data" include specific federal income tax returns (in Senate Amendment 1, federal income tax returns generally). Provides that "income-producing property" means property that is not exclusively owner-occupied (in Senate Amendment 1, non-owner-occupied). Removes a reference to gas stations. Defines "owner-occupied" and "taxpayer". Provides that the chief county assessment officer shall notify taxpayers of their obligation to submit income and expense data. Makes changes concerning the submission of federal tax forms. Provides that the penalty for failure to submit income and expense data shall be 0.05% (instead of 0.5%) of the prior year's market value. Adds provisions concerning administrative hearings. Makes other changes. Effective immediately.

Bill Sponsors (60)

Bill Cunningham

     
Cosponsor

Arthur Turner

     
Cosponsor

La Shawn K. Ford

     
Cosponsor

Jehan Gordon-Booth

     
Cosponsor

Votes


Actions


Jun 23, 2020

House

Rule 19(b) / Re-referred to Rules Committee

May 22, 2020

House

Added Alternate Co-Sponsor Rep. Jonathan "Yoni" Pizer

Feb 20, 2020

House

To Property Tax Subcommittee

Feb 04, 2020

House

Assigned to Revenue & Finance Committee

Jan 20, 2020

Senate

Chief Sponsor Changed to Sen. Don Harmon

Nov 04, 2019

Senate

Chief Sponsor Changed to Sen. John J. Cullerton

Oct 22, 2019

House

Added Alternate Co-Sponsor Rep. Jennifer Gong-Gershowitz

Oct 04, 2019

House

Added Alternate Co-Sponsor Rep. Anthony DeLuca

Sep 11, 2019

House

Added Alternate Co-Sponsor Rep. Lindsey LaPointe

Sep 06, 2019

House

Added Alternate Co-Sponsor Rep. Curtis J. Tarver, II

May 29, 2019

House

Added Alternate Co-Sponsor Rep. Jehan Gordon-Booth

May 28, 2019

House

Added Alternate Co-Sponsor Rep. Daniel Didech

May 27, 2019

House

Added Alternate Co-Sponsor Rep. Carol Ammons

May 22, 2019

House

Added Alternate Co-Sponsor Rep. Michelle Mussman

House

Added Alternate Co-Sponsor Rep. Frances Ann Hurley

House

Added Alternate Co-Sponsor Rep. Lamont J. Robinson, Jr.

May 21, 2019

House

Added Alternate Co-Sponsor Rep. Kambium Buckner

May 20, 2019

House

Added Alternate Co-Sponsor Rep. Terra Costa Howard

House

Added Alternate Co-Sponsor Rep. Camille Y. Lilly

May 17, 2019

House

Added Alternate Co-Sponsor Rep. Elizabeth Hernandez

May 16, 2019

House

Added Alternate Chief Co-Sponsor Rep. Fred Crespo

House

Added Alternate Co-Sponsor Rep. LaToya Greenwood

House

Added Alternate Co-Sponsor Rep. Ann M. Williams

House

Added Alternate Co-Sponsor Rep. Sara Feigenholtz

House

Added Alternate Co-Sponsor Rep. Bob Morgan

House

Added Alternate Co-Sponsor Rep. Jaime M. Andrade, Jr.

House

Added Alternate Chief Co-Sponsor Rep. Sam Yingling

House

Added Alternate Chief Co-Sponsor Rep. Kelly M. Burke

House

Added Alternate Chief Co-Sponsor Rep. Michael J. Zalewski

May 10, 2019

House

Rule 19(a) / Re-referred to Rules Committee

May 08, 2019

House

Added Alternate Co-Sponsor Rep. Natalie A. Manley

May 07, 2019

House

Added Alternate Co-Sponsor Rep. Aaron M. Ortiz

House

Added Alternate Co-Sponsor Rep. Arthur Turner

House

Added Alternate Co-Sponsor Rep. Emanuel Chris Welch

House

Added Alternate Co-Sponsor Rep. Luis Arroyo

House

Added Alternate Co-Sponsor Rep. Kathleen Willis

House

Added Alternate Co-Sponsor Rep. Debbie Meyers-Martin

House

Added Alternate Co-Sponsor Rep. Mary E. Flowers

House

Added Alternate Co-Sponsor Rep. Justin Slaughter

House

Added Alternate Co-Sponsor Rep. Robert Rita

House

Added Alternate Co-Sponsor Rep. La Shawn K. Ford

House

Added Alternate Co-Sponsor Rep. Celina Villanueva

House

Added Alternate Co-Sponsor Rep. Theresa Mah

House

Added Alternate Co-Sponsor Rep. Martin J. Moylan

House

Added Alternate Co-Sponsor Rep. Mark L. Walker

House

Added Alternate Co-Sponsor Rep. Robyn Gabel

House

Added Alternate Co-Sponsor Rep. Will Guzzardi

House

Added Alternate Co-Sponsor Rep. Kelly M. Cassidy

House

Added Alternate Co-Sponsor Rep. Delia C. Ramirez

Apr 24, 2019

House

Assigned to Revenue & Finance Committee

Apr 04, 2019

House

Arrived in House

House

Referred to Rules Committee

House

First Reading

House

Chief House Sponsor Rep. William Davis

Senate

Added as Co-Sponsor Sen. Terry Link

Senate

Added as Co-Sponsor Sen. Mattie Hunter

Senate

Third Reading - Passed; 036-016-001

Apr 03, 2019

Senate

Added as Co-Sponsor Sen. Napoleon Harris, III

Mar 28, 2019

Senate

Second Reading

Senate

Placed on Calendar Order of 3rd Reading April 3, 2019

Senate

Senate Floor Amendment No. 2 Adopted; Hutchinson

Mar 27, 2019

Senate

Added as Co-Sponsor Sen. Thomas Cullerton

Senate

Senate Floor Amendment No. 2 Assignments Refers to Revenue

Senate

Added as Co-Sponsor Sen. Robert Peters

Senate

Added as Co-Sponsor Sen. Jacqueline Y. Collins

Senate

Added as Co-Sponsor Sen. Heather A. Steans

Senate

Senate Floor Amendment No. 2 Recommend Do Adopt Revenue; 006-001-000

Senate

Added as Co-Sponsor Sen. Laura M. Murphy

Senate

Added as Co-Sponsor Sen. Emil Jones, III

Senate

Added as Co-Sponsor Sen. Bill Cunningham

Mar 26, 2019

Senate

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Toi W. Hutchinson

Senate

Senate Floor Amendment No. 2 Referred to Assignments

Mar 25, 2019

Senate

Added as Co-Sponsor Sen. Laura Fine

Mar 19, 2019

Senate

Added as Co-Sponsor Sen. Pat McGuire

Mar 07, 2019

Senate

Added as Chief Co-Sponsor Sen. Kimberly A. Lightford

Mar 06, 2019

Senate

Senate Committee Amendment No. 1 Assignments Refers to Revenue

Senate

Placed on Calendar Order of 2nd Reading

Senate

Do Pass as Amended Revenue; 008-000-000

Senate

Senate Committee Amendment No. 1 Adopted

Senate

Added as Chief Co-Sponsor Sen. Iris Y. Martinez

Mar 04, 2019

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Toi W. Hutchinson

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Feb 21, 2019

Senate

Postponed - Revenue

Feb 20, 2019

Senate

Added as Chief Co-Sponsor Sen. Cristina Castro

Feb 13, 2019

Senate

Assigned to Revenue

Senate

Added as Chief Co-Sponsor Sen. Don Harmon

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Toi W. Hutchinson

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML

Related Documents

Document Format
Senate Amendment 002
Senate Amendment 001

Sources

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