103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB0319

 

Introduced 2/2/2023, by Sen. Laura M. Murphy

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/18-184.25 new

    Amends the Property Tax Code. Provides that the county clerk shall abate 10% of the taxes imposed on qualified forest property that is part of a proposed new housing development. Provides that the owner of the property shall obtain approval from the Department of Natural Resources and shall submit a conservation plan and a new housing development plan to the Department of Natural Resources. Provides that "qualified forest property" means land of at least one acre that: (i) is at least 10% stocked by forest trees of any size; (ii) includes forest strips that are at least 120 feet wide; (iii) is managed in accordance with a conservation plan approved by the Department of Natural Resources; and (iv) is not developed for non-forest use as of January 1 of the first taxable year of the abatement. Effective immediately.


LRB103 25944 HLH 52295 b

 

 

A BILL FOR

 

SB0319LRB103 25944 HLH 52295 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by adding
5Section 18-184.25 as follows:
 
6    (35 ILCS 200/18-184.25 new)
7    Sec. 18-184.25. Qualified forest property abatement for
8new housing developments.
9    (a) Notwithstanding any other provision of law, the county
10clerk shall abate 10% of the taxes imposed on qualified forest
11property that is part of a proposed new housing development.
12To qualify for the abatement, the owner of the property shall
13obtain approval from the Department of Natural Resources. The
14application for approval shall include a conservation plan
15prepared by an arborist for the property as well as a new
16housing development plan, both submitted by the owner of the
17property. Upon approval by the Department of Natural
18Resources, the abatement shall continue as long as the
19property meets the criteria for qualified forest property set
20forth in this Section.
21    (b) As used in this Section:
22    "New housing development plan" means a proposed
23development plan with structures that will be used as a home or

 

 

SB0319- 2 -LRB103 25944 HLH 52295 b

1residence by one or more persons, including but not limited
2to, manufactured homes or multifamily housing.
3    "Qualified forest property" means land of at least one
4acre that: (i) is at least 10% stocked by forest trees of any
5size; (ii) includes forest strips that are at least 120 feet
6wide; (iii) is managed in accordance with a conservation plan
7approved by the Department of Natural Resources under
8subsection (a); and (iv) is not developed for non-forest use
9as of January 1 of the first taxable year of the abatement.
 
10    Section 99. Effective date. This Act takes effect upon
11becoming law.