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Amends the Property Tax Code. In provisions concerning platted and subdivided but undeveloped property, provides that (i) beginning with the 2025 taxable year, no property's assessed value shall be reduced to less than $150 under those provisions and (ii) beginning with the 2035 taxable year, no property shall be eligible for calculation of its assessed value under those provisions for more than a 10-year period.
Introduced
Feb 4, 2025
Last Action
Mar 12, 2026
Session
IL 104th
Sponsors
1 primary · 2 co
Placed on Calendar 2nd Reading - Short Debate
Approved for Consideration Rules Committee; 005-000-000
Added Co-Sponsor Rep. Eva-Dina Delgado
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Camille Y. Lilly
Held on Calendar Order of Second Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000
Reported Back To Revenue & Finance Committee;
Do Pass / Short Debate Revenue & Finance Committee; 020-000-000
To Property Tax Subcommittee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Natalie A. Manley
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Placed on Calendar 2nd Reading - Short Debate
Natalie A. Manley
Camille Y. Lilly