SB 3788

  • Illinois Senate Bill
  • 102nd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Prop Tx-Compulsory Sales

Abstract

Amends the Property Tax Code. Provides that the assessor in a county with 3,000,000 or more inhabitants shall include compulsory sales when revising assessments. Provides that the board of review in a county with 3,000,000 or more inhabitants shall include compulsory sales in reviewing and correcting assessments and shall consider whether the compulsory sale would otherwise be considered an arm's length transaction. Effective immediately.

Bill Sponsors (2)

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Jan 10, 2023

Senate

Session Sine Die

Feb 16, 2022

Senate

Added as Co-Sponsor Sen. Elgie R. Sims, Jr.

Jan 21, 2022

Senate

Filed with Secretary by Sen. Emil Jones, III

Senate

First Reading

Senate

Referred to Assignments

Bill Text

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