HB 5532

  • Illinois House Bill
  • 102nd Regular Session
  • Introduced in House Mar 07, 2022
  • Passed House Mar 04, 2022
  • Passed Senate Apr 01, 2022
  • Signed by Governor May 13, 2022

Prop Tx-Land Bank Exemption

Abstract

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.

Bill Sponsors (10)

Votes


Actions


May 13, 2022

House

Governor Approved

House

Public Act . . . . . . . . . 102-0815

House

Effective Date May 13, 2022

Apr 28, 2022

House

Sent to the Governor

Apr 01, 2022

Senate

Third Reading - Passed; 045-002-000

House

Passed Both Houses

Mar 31, 2022

Senate

Second Reading

Senate

Placed on Calendar Order of 3rd Reading April 1, 2022

Mar 30, 2022

Senate

Placed on Calendar Order of 2nd Reading

Senate

Do Pass Executive; 016-000-000

Mar 25, 2022

Senate

Added as Alternate Co-Sponsor Sen. Laura M. Murphy

Senate

Rule 2-10 Committee Deadline Established As April 4, 2022

Senate

Added as Alternate Co-Sponsor Sen. Ram Villivalam

Mar 23, 2022

Senate

Added as Alternate Co-Sponsor Sen. Antonio Muñoz

Senate

Assigned to Executive

Mar 07, 2022

Senate

First Reading

Senate

Referred to Assignments

Senate

Arrive in Senate

Senate

Placed on Calendar Order of First Reading

Senate

Chief Senate Sponsor Sen. Steve Stadelman

Mar 04, 2022

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Third Reading - Short Debate - Passed 097-000-001

House

House Floor Amendment No. 2 Adopted

Mar 03, 2022

House

House Floor Amendment No. 2 Recommends Be Adopted Revenue & Finance Committee; 012-000-000

House

Added Co-Sponsor Rep. Nicholas K. Smith

Mar 02, 2022

House

Second Reading - Short Debate

House

Held on Calendar Order of Second Reading - Short Debate

House

House Floor Amendment No. 2 Rules Refers to Revenue & Finance Committee

Mar 01, 2022

House

House Floor Amendment No. 2 Filed with Clerk by Rep. Lakesia Collins

House

House Floor Amendment No. 2 Referred to Rules Committee

House

Added Co-Sponsor Rep. Kelly M. Cassidy

House

Added Co-Sponsor Rep. Lamont J. Robinson, Jr.

Feb 28, 2022

House

Added Co-Sponsor Rep. Theresa Mah

Feb 18, 2022

House

Placed on Calendar 2nd Reading - Short Debate

Feb 17, 2022

House

House Committee Amendment No. 1 Tabled Pursuant to Rule 40

House

Do Pass / Short Debate Revenue & Finance Committee; 015-000-001

House

House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

Feb 15, 2022

House

House Committee Amendment No. 1 Referred to Rules Committee

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Lakesia Collins

Feb 10, 2022

House

Added Co-Sponsor Rep. Edgar Gonzalez, Jr.

Feb 09, 2022

House

Assigned to Revenue & Finance Committee

Jan 31, 2022

House

First Reading

House

Referred to Rules Committee

Jan 28, 2022

House

Filed with the Clerk by Rep. Lakesia Collins

Bill Text

Bill Text Versions Format
Introduced HTML PDF
Engrossed HTML PDF
Enrolled HTML PDF
House Amendment 001 HTML PDF
House Amendment 002 HTML PDF

Related Documents

Document Format
Public Act

Sources

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