IL SB0202 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 31 2023 - 25% progression
Action: 2023-03-10 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Creates the Vacancy Fraud Act. Provides that, on or after January 1, 2024, any owner of real property located in a county with 3,000,000 or more inhabitants may file a written vacancy fraud complaint alleging that: (i) certain real property in that county has received a decrease in assessed value, a decrease in market value, or an abatement of taxes because the property is vacant; and (ii) the owner of that vacant property is not actively attempting to sell or lease the property or actively attempting to alter or modify the property to prepare it for sale or lease. Sets forth factors for determining vacancy fraud. Provides that the owner of the vacant property may be subject to the following penalties: (1) the payment of 3 times the amount of back taxes owed for any vacancy reduction the subject property received for the period in which the subject property received the reduction but was found to have engaged vacancy fraud; and (2) the payment of interest on any back taxes. Effective immediately.

Tracking Information

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Title

VACANCY FRAUD ACT

Sponsors


History

DateChamberAction
2023-03-10SenateRule 3-9(a) / Re-referred to Assignments
2023-02-22SenateTo Subcommittee on Property
2023-02-07SenateAssigned to Judiciary
2023-01-31SenateReferred to Assignments
2023-01-31SenateFirst Reading
2023-01-31SenateFiled with Secretary by Sen. Laura M. Murphy

Illinois State Sources


Bill Comments

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