Illinois General Assembly - Bill Status for SB3746
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 Bill Status of SB3746  102nd General Assembly


Senate Sponsors
Sen. Win Stoller

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

Statutes Amended In Order of Appearance
35 ILCS 200/Art. 31.1 heading new
35 ILCS 200/31.1-1 new
35 ILCS 200/31.1-5 new
35 ILCS 200/31.1-10 new

Synopsis As Introduced
Amends the Property Tax Code. Creates the Site Value Tax Law within the Property Tax Code. Provides that a municipality and any taxing district located in whole or in part within that municipality may levy a site value tax upon the assessed value of land within the municipality. Provides that "assessed value" means 33 1/3% of the fair cash value of the land, without regard to buildings, structures, improvements, or other permanent fixtures on the land, except for the value of oil, gas, coal, and other minerals in the land and the right to remove such oil, gas, coal, and other minerals from the land. Contains provisions concerning enforcement and collection. Effective immediately.

DateChamber Action
  1/21/2022SenateFiled with Secretary by Sen. Win Stoller
  1/21/2022SenateFirst Reading
  1/21/2022SenateReferred to Assignments
  2/1/2022SenateAssigned to Revenue
  2/10/2022SenateRule 3-9(a) / Re-referred to Assignments
  1/10/2023SenateSession Sine Die

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