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Public Act 103-1002
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| SB3455 Enrolled | LRB103 36901 HLH 67014 b |
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AN ACT concerning revenue.
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Be it enacted by the People of the State of Illinois, |
represented in the General Assembly:
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Section 5. The Department of Revenue Law of the Civil |
Administrative Code of Illinois is amended by adding Section |
2505-815 as follows:
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(20 ILCS 2505/2505-815 new) |
Sec. 2505-815. Property tax system study. The Department, |
in consultation with the Department of Commerce and Economic |
Opportunity, shall conduct a study to evaluate the property |
tax system in the State and shall analyze any information |
collected in connection with that study. The Department may |
also examine whether the existing property tax levy, |
assessment, appeal, and collection process is reasonable and |
fair and may issue recommendations to improve that process. |
For purposes of conducting the study and analyzing the data |
required under this Section, the Department may determine the |
scope of the historical data necessary to complete the study, |
but in no event shall the scope or time period be less than the |
10 most recent tax years for which the Department has complete |
data. The study shall include, but need not be limited to, the |
following: |
(1) a comprehensive review of the classification |
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system used by Cook County in assessing real property in |
Cook County compared with the rest of the State, |
including, but not limited to, a projection of the impact, |
if any, that the assessment of real property in Cook |
County would exhibit if the classification system were to |
be phased-out and transitioned to a uniform level of |
assessment, and the impact, if any, that the Cook County |
classification system has or has had on economic |
development or job creation in the county; |
(2) a comprehensive review of State laws concerning |
the appeal of assessments at the local and State level and |
State laws concerning the collection of property taxes, |
including any issues that have resulted in delays in |
issuing property tax bills; |
(3) a comprehensive review of statewide assessment |
processes, including a comparison of assessment process in |
Cook County and other counties and practices in other |
states that allow for standardized assessment processes; |
(4) a comprehensive review of current property tax |
homestead exemptions, the impact of those exemptions, and |
the administration or application of those exemptions; |
(5) an analysis of preferential assessments or |
incentives, including, but not limited to, the resultant |
economic impact from preferential assessments; and |
(6) a review of the State's reliance on property taxes |
and the historical growth in property tax levies. |
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The Department may consult with Illinois institutions of |
higher education in conducting the study required under this |
Section. The Department may also consult with units of local |
government. To the extent practicable and where applicable, |
the Department may request relevant, publicly available |
property tax information from units of local government, |
including counties and municipalities, that is deemed |
necessary to complete the study required pursuant to this |
Section. Units of local government that are required to submit |
property tax information to the Department must do so in a |
reasonably expedient manner, to the extent possible, but in no |
event later than 60 days after the date upon which the |
Department requests that relevant information. |
The Department may complete a preliminary report that may |
be made available for public inspection via electronic means |
prior to the publication of the final report under this |
Section. The Department shall complete and submit the final |
report under this Section to the Governor and the General |
Assembly by July 1, 2026. A copy of both the preliminary |
report, if made available by the Department, and the final |
report shall be made available to the public via electronic |
means. The Department may allow for the submission of public |
comments from individuals, organizations, or associations |
representing residential property owners, commercial property |
owners, units of local government, or labor unions in Illinois |
prior to finalizing the final report under this Section and |