Illinois General Assembly - Bill Status for SB 2882

Amends the Property Tax Code concerning omitted assessments. Provides that in Cook County, the owner of any property may bring a complaint before the board of review to challenge the accuracy or validity of an omitted assessment. Requires the county assessor to publish information on the county's website concerning omitted assessments. Decreases the interest rate on omitted assessments from 10% to 1.8%. Provides that, before charging a tax and interest for previous years, the county assessor shall identify the owner of the property for each year for which liability accrued. Effective immediately.

Deletes everything after the enacting clause. Amends the Property Tax Code. Sets forth notice requirements to be mailed to owners of omitted property. Provides that the valuation of omitted property is subject to a public hearing. Requires assessors to develop rules concerning the valuation of omitted property. Provides that taxes for omitted property must be prepared and mailed at the same time as the second installment tax bill (now, with the first installment). Provides that the interest on omitted taxes is 1.8% for assessments of $50,000 or less and 10% for assessments greater than $50,000 (now, 10% for all assessments). Requires that the assessor must complete the assessment of omitted properties before delivering the assessment books to the board of review. Makes other changes.

Deletes everything after the enacting clause. Amends the Property Tax Code. Provides that the board of review in counties with less than 3,000,000 inhabitants or the county assessor in counties with 3,000,000 or more inhabitants may develop reasonable procedures for the valuation of omitted property

Deletes everything after the enacting clause. Amends the Property Tax Code. Provides that a property owner must notify the assessor of any new improvements within 90 days (instead of 30 days) after the issuance of an occupancy permit or completion of the improvements. In a Section concerning omitted assessments, provides that no charge shall be made against a property if (i) the owner of the property gave notice of the failure to assess land, improvements, or both and requested a reassessment, (ii) the notice was sent by certified mail, return receipt requested, and (iii) reassessment of the property was not made within 40 months (instead of 16 months) following receipt of the notice. Provides that property may not be assessed for more than 5 years prior to the current assessment year if the property owner gave notice of the omitted assessment. Provides that a transferee must notify the assessor of any change in use, leasehold estate, or titleholder of record within 90 days after the change (instead of 30 days). Effective January 1, 2009.

Date	Chamber	Action
1/13/2009	Senate	Session Sine Die

Date	Chamber	Action
2/15/2008	Senate	Filed with Secretary by Sen. Jeffrey M. Schoenberg
2/15/2008	Senate	First Reading
2/15/2008	Senate	Referred to Rules
2/28/2008	Senate	Assigned to Revenue
2/28/2008	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Jeffrey M. Schoenberg
2/28/2008	Senate	Senate Committee Amendment No. 1 Referred to Rules
3/5/2008	Senate	Senate Committee Amendment No. 1 Rules Refers to Revenue
3/6/2008	Senate	Senate Committee Amendment No. 1 Held in Revenue
3/6/2008	Senate	Held in Revenue
3/12/2008	Senate	Senate Committee Amendment No. 1 Adopted
3/13/2008	Senate	Do Pass as Amended Revenue; 008-000-000
3/13/2008	Senate	Placed on Calendar Order of 2nd Reading April 1, 2008
4/10/2008	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Jeffrey M. Schoenberg
4/10/2008	Senate	Senate Floor Amendment No. 2 Referred to Rules
4/15/2008	Senate	Senate Floor Amendment No. 2 Rules Refers to Revenue
4/16/2008	Senate	Senate Floor Amendment No. 2 Recommend Do Adopt Revenue; 008-000-000
4/16/2008	Senate	Second Reading
4/16/2008	Senate	Senate Floor Amendment No. 2 Adopted; Schoenberg
4/16/2008	Senate	Placed on Calendar Order of 3rd Reading April 17, 2008
4/17/2008	Senate	Third Reading - Passed; 055-000-000
4/17/2008	House	Arrived in House
4/17/2008	House	Placed on Calendar Order of First Reading
4/25/2008	House	Chief House Sponsor Rep. Harry Osterman
4/29/2008	House	First Reading
4/29/2008	House	Referred to Rules Committee
5/6/2008	House	Assigned to Revenue Committee
5/9/2008	House	Committee Deadline Extended-Rule 9(b) May 23, 2008
5/20/2008	House	Moved to Suspend Rule 25 Rep. Barbara Flynn Currie
5/20/2008	House	Motion to Suspend Rule 25 - Prevailed
5/21/2008	House	Alternate Chief Sponsor Changed to Rep. Bob Biggins
5/21/2008	House	Added Alternate Chief Co-Sponsor Rep. Harry Osterman
5/23/2008	House	Final Action Deadline Extended-9(b) May 31, 2008
5/28/2008	House	House Amendment No. 1 Filed with Clerk by Revenue Committee
5/28/2008	House	House Amendment No. 1 Adopted in Revenue Committee; by Voice Vote
5/28/2008	House	Do Pass as Amended / Short Debate Revenue Committee; 008-000-000
5/28/2008	House	Placed on Calendar 2nd Reading - Short Debate
5/28/2008	House	Second Reading - Short Debate
5/28/2008	House	Held on Calendar Order of Second Reading - Short Debate
5/31/2008	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/31/2008	House	Rule 19(a) / Re-referred to Rules Committee
11/6/2008	House	Final Action Deadline Extended-9(b) November 30, 2008
11/6/2008	House	Approved for Consideration Rules Committee; 003-000-000
11/7/2008	House	Placed on Calendar Order of 3rd Reading - Short Debate
11/30/2008	House	Rule 19(a) / Re-referred to Rules Committee
1/13/2009	Senate	Session Sine Die

	Adds reference to:
	35 ILCS 200/14-35

	Deletes reference to:
	35 ILCS 200/9-260

	Deletes reference to:
	35 ILCS 200 9-265

	Adds reference to:
	35 ILCS 200/9-180