Illinois Senate Bill 81 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that, for assessment years following the next general assessment after the effective date of the amendatory Act, no increase in assessment may exceed 20% per year. Provides exceptions if: (1) the property is sold, transferred, or conveyed during the taxable year; (2) significant improvements were made to the property; (3) a homestead exemption or other preferential method of assessment was removed with respect to that property during the taxable year; or (4) the increase was due to an equalization factor imposed by the township, county, or Department of Revenue. Effective immediately.

PROPERTY TAX-ASSESSMENT CAP

Sen. Julie Morrison [D]

Date	Chamber	Action
2021-01-13	Senate	Session Sine Die
2019-03-22	Senate	Rule 3-9(a) / Re-referred to Assignments
2019-02-21	Senate	Postponed - Revenue
2019-02-07	Senate	Postponed - Revenue
2019-01-30	Senate	Assigned to Revenue
2019-01-23	Senate	Referred to Assignments
2019-01-23	Senate	First Reading
2019-01-23	Senate	Filed with Secretary by Sen. Julie A. Morrison

Chapter	Article	Section	Citation Type	Statute Text
35	200	9-145	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=81&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB0081.htm