Illinois General Assembly - Bill Status for SB2543
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 Bill Status of SB2543  102nd General Assembly


Short Description:  PROP TX-SUBDIVISIONS

Senate Sponsors
Sen. Don Harmon

Last Action
DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/10-31


Synopsis As Introduced
Amends the Property Tax Code. Provides that, in counties of less than 3,000,000 inhabitants, beginning in assessment year 2024, lots that have been platted and subdivided shall be assessed based on the estimated price the property would bring at a fair voluntary sale (currently, based on the assessed value assigned to the property when last assessed prior to its last transfer or conveyance).

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Melinda Bush
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  4/7/2021SenateAssigned to Revenue
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments
  12/31/2022SenateChief Sponsor Changed to Sen. Don Harmon
  1/10/2023SenateSession Sine Die

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