Date	Chamber	Action
1/10/2023	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/Art. 10 Div. 21 heading new

35 ILCS 200/10-800 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that certain property located in Bloom, Bremen, Calumet, Rich, Thornton, or Worth Township may be certified by the South Suburban Land Bank and Development Authority, the Cook County Land Bank Development Authority, or both collectively, as a southland reactivation site. Sets forth valuation procedures for southland reactivation property. Provides that, for the first 3 tax years after the property is certified as southland reactivation property, the aggregate tax liability for the property shall be no greater than $100,000 per year. Provides that, beginning with the fourth tax year after the property is certified as southland reactivation property and continuing through the twelfth tax year after the property is certified as southland reactivation property, the property's tax liability shall be increased over the tax liability for the preceding year by 5% or the percentage change in the Consumer Price Index, whichever is less. Effective immediately.

Actions 

Date	Chamber	Action
2/26/2021	Senate	Filed with Secretary by Sen. Elgie R. Sims, Jr.
2/26/2021	Senate	First Reading
2/26/2021	Senate	Referred to Assignments
3/16/2021	Senate	Assigned to Revenue
4/6/2021	Senate	Added as Chief Co-Sponsor Sen. Napoleon Harris, III
4/13/2021	Senate	Added as Co-Sponsor Sen. Bill Cunningham
4/16/2021	Senate	Rule 3-9(a) / Re-referred to Assignments
4/20/2021	Senate	Added as Co-Sponsor Sen. Patrick J. Joyce
1/10/2023	Senate	Session Sine Die

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