Bill Status of HB 5026   103rd General Assembly


Short Description:  PROP TX-NATURAL PRESERVATION

House Sponsors
Rep. Maura Hirschauer

Last Action  View All Actions

DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/9-145
35 ILCS 200/10-166
35 ILCS 200/10-167
35 ILCS 200/10-168

Synopsis As Introduced
Amends the Property Tax Code. Provides that, for the purposes of assessment, property registered in perpetuity with the register of areas under the Illinois Natural Areas Preservation Act is considered to be encumbered by a public easement and shall be depreciated to a level at which its value is $5 per acre, and any improvement, dwelling, or other appurtenant structure present on that land shall be valued at 33 1/3% of its fair cash value. Provides that a conservation right on land preserving a habitat for plant and animal species that are native to Illinois (currently, State or federal endangered or threatened species or federal candidate species) is considered to provide a demonstrated public benefit. Provides that a conservation right on land located adjacent to a park, conservation area, nature preserve, or other land or water area that is publicly owned or otherwise permanently protected for conservation purposes is considered to provide a demonstrated public benefit if the conservation right on that land furthers the conservation purposes of the adjacent protected area. Effective immediately.

Actions 
DateChamber Action
  2/7/2024HouseFiled with the Clerk by Rep. Maura Hirschauer
  2/8/2024HouseFirst Reading
  2/8/2024HouseReferred to Rules Committee
  2/28/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue - Property Tax Subcommittee
  4/1/2024HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Maura Hirschauer
  4/1/2024HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  4/2/2024HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee
  4/5/2024HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

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