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Amends the Property Tax Code. Provides that the assessed value of non-income producing wooded acreage property may not exceed the product of the assessed value of the property for the immediately preceding assessment year multiplied by 104%. Effective immediately.
Introduced
Feb 18, 2025
Last Action
Mar 21, 2025
Session
IL 104th
Sponsors
1 primary · 1 co
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Rule 19(a) / Re-referred to Rules Committee
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
To Tax Policy: Other Taxes Subcommittee
House Committee Amendment No. 1 Filed with Clerk by Rep. Wayne A. Rosenthal
House Committee Amendment No. 1 Referred to Rules Committee
Assigned to Revenue & Finance Committee
Added Co-Sponsor Rep. Michael J. Coffey, Jr.
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Wayne A. Rosenthal
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Wayne A. Rosenthal
Michael J. Coffey, Jr.