Lakesia Collins
- Democratic
- Senator
- District 5
Amends the Property Tax Code. Provides that with the exception of a county or taxing district acquiring tax certificates to property, all purchasers or assignees of a property at a tax sale shall pay the clerk postage plus the sum of $10 dollars (currently, the purchaser or assignee). Provides that not less than 1 month (currently, 3 months) nor more than 6 months prior to the expiration of the period of redemption, the purchaser or his or her assignee shall prepare and deliver to the clerk of the Circuit Court of the county in which the property is located, the notice provided for, together with the statutory costs for mailing the notice by certified mail, return receipt requested. Provides that notwithstanding any provision to the contrary, all properties owned and held for future development by specified entities are exempt from property taxes. Provides requirements to claim the exemption. Specifies the County of Cook d/b/a Cook County Land Bank as an entity exempt from property taxes. Provides that when property is owned and held by a specified entity, then excludes them from needing to file an application with the county board of review or board of appeals. Provides that the decision of the board of review is final with regards to exemptions to the specified entities. Effective immediately. House Floor Amendment No. 2 Adds reference to: 35 ILCS 200/16-130 Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Adds the South Suburban Land Bank and Development Authority and the Northern Illinois Land Bank Authority to the list of entities whose property is exempt if it is held for future development. Makes a conforming change concerning final decisions of the board of review. Makes various formatting changes. Effective immediately.
Governor Approved
Public Act . . . . . . . . . 102-0815
Effective Date May 13, 2022
Sent to the Governor
Third Reading - Passed; 045-002-000
Passed Both Houses
Second Reading
Placed on Calendar Order of 3rd Reading April 1, 2022
Placed on Calendar Order of 2nd Reading
Do Pass Executive; 016-000-000
Added as Alternate Co-Sponsor Sen. Laura M. Murphy
Rule 2-10 Committee Deadline Established As April 4, 2022
Added as Alternate Co-Sponsor Sen. Ram Villivalam
Added as Alternate Co-Sponsor Sen. Antonio Muñoz
Assigned to Executive
First Reading
Referred to Assignments
Arrive in Senate
Placed on Calendar Order of First Reading
Chief Senate Sponsor Sen. Steve Stadelman
Placed on Calendar Order of 3rd Reading - Short Debate
Third Reading - Short Debate - Passed 097-000-001
House Floor Amendment No. 2 Adopted
House Floor Amendment No. 2 Recommends Be Adopted Revenue & Finance Committee; 012-000-000
Added Co-Sponsor Rep. Nicholas K. Smith
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
House Floor Amendment No. 2 Rules Refers to Revenue & Finance Committee
House Floor Amendment No. 2 Filed with Clerk by Rep. Lakesia Collins
House Floor Amendment No. 2 Referred to Rules Committee
Added Co-Sponsor Rep. Kelly M. Cassidy
Added Co-Sponsor Rep. Lamont J. Robinson, Jr.
Added Co-Sponsor Rep. Theresa Mah
Placed on Calendar 2nd Reading - Short Debate
House Committee Amendment No. 1 Tabled Pursuant to Rule 40
Do Pass / Short Debate Revenue & Finance Committee; 015-000-001
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Lakesia Collins
Added Co-Sponsor Rep. Edgar Gonzalez, Jr.
Assigned to Revenue & Finance Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Lakesia Collins
Bill Text Versions | Format |
---|---|
Introduced | HTML PDF |
Engrossed | HTML PDF |
Enrolled | HTML PDF |
House Amendment 001 | HTML PDF |
House Amendment 002 | HTML PDF |
Document | Format |
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Public Act |
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