Bill Status of HB 5532   102nd General Assembly

Short Description:  PROP TX-LAND BANK EXEMPTION

House Sponsors
Rep. Lakesia Collins, Edgar Gonzalez, Jr., Theresa Mah, Kelly M. Cassidy, Lamont J. Robinson, Jr. and Nicholas K. Smith

Senate Sponsors
(Sen. Steve Stadelman, Antonio Muñoz, Laura M. Murphy and Ram Villivalam)


Last Action  View All Actions

DateChamber Action
  5/13/2022HousePublic Act . . . . . . . . . 102-0815

Statutes Amended In Order of Appearance
35 ILCS 200/15-5
35 ILCS 200/16-70
35 ILCS 200/22-5
35 ILCS 200/22-25

Synopsis As Introduced
Amends the Property Tax Code. Provides that with the exception of a county or taxing district acquiring tax certificates to property, all purchasers or assignees of a property at a tax sale shall pay the clerk postage plus the sum of $10 dollars (currently, the purchaser or assignee). Provides that not less than 1 month (currently, 3 months) nor more than 6 months prior to the expiration of the period of redemption, the purchaser or his or her assignee shall prepare and deliver to the clerk of the Circuit Court of the county in which the property is located, the notice provided for, together with the statutory costs for mailing the notice by certified mail, return receipt requested. Provides that notwithstanding any provision to the contrary, all properties owned and held for future development by specified entities are exempt from property taxes. Provides requirements to claim the exemption. Specifies the County of Cook d/b/a Cook County Land Bank as an entity exempt from property taxes. Provides that when property is owned and held by a specified entity, then excludes them from needing to file an application with the county board of review or board of appeals. Provides that the decision of the board of review is final with regards to exemptions to the specified entities. Effective immediately.

House Floor Amendment No. 2
Adds reference to:
35 ILCS 200/16-130

Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Adds the South Suburban Land Bank and Development Authority and the Northern Illinois Land Bank Authority to the list of entities whose property is exempt if it is held for future development. Makes a conforming change concerning final decisions of the board of review. Makes various formatting changes. Effective immediately.

Actions 
DateChamber Action
  1/28/2022HouseFiled with the Clerk by Rep. Lakesia Collins
  1/31/2022HouseFirst Reading
  1/31/2022HouseReferred to Rules Committee
  2/9/2022HouseAssigned to Revenue & Finance Committee
  2/10/2022HouseAdded Co-Sponsor Rep. Edgar Gonzalez, Jr.
  2/15/2022HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Lakesia Collins
  2/15/2022HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  2/17/2022HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  2/17/2022HouseDo Pass / Short Debate Revenue & Finance Committee; 015-000-001
  2/17/2022HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  2/18/2022HousePlaced on Calendar 2nd Reading - Short Debate
  2/28/2022HouseAdded Co-Sponsor Rep. Theresa Mah
  3/1/2022HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
  3/1/2022HouseAdded Co-Sponsor Rep. Lamont J. Robinson, Jr.
  3/1/2022HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Lakesia Collins
  3/1/2022HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  3/2/2022HouseHouse Floor Amendment No. 2 Rules Refers to Revenue & Finance Committee
  3/2/2022HouseSecond Reading - Short Debate
  3/2/2022HouseHeld on Calendar Order of Second Reading - Short Debate
  3/3/2022HouseHouse Floor Amendment No. 2 Recommends Be Adopted Revenue & Finance Committee; 012-000-000
  3/3/2022HouseAdded Co-Sponsor Rep. Nicholas K. Smith
  3/4/2022HouseHouse Floor Amendment No. 2 Adopted
  3/4/2022HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/4/2022HouseThird Reading - Short Debate - Passed 097-000-001
  3/7/2022SenateArrive in Senate
  3/7/2022SenatePlaced on Calendar Order of First Reading
  3/7/2022SenateChief Senate Sponsor Sen. Steve Stadelman
  3/7/2022SenateFirst Reading
  3/7/2022SenateReferred to Assignments
  3/23/2022SenateAssigned to Executive
  3/23/2022SenateAdded as Alternate Co-Sponsor Sen. Antonio Muñoz
  3/25/2022SenateAdded as Alternate Co-Sponsor Sen. Laura M. Murphy
  3/25/2022SenateAdded as Alternate Co-Sponsor Sen. Ram Villivalam
  3/25/2022SenateRule 2-10 Committee Deadline Established As April 4, 2022
  3/30/2022SenateDo Pass Executive; 016-000-000
  3/30/2022SenatePlaced on Calendar Order of 2nd Reading
  3/31/2022SenateSecond Reading
  3/31/2022SenatePlaced on Calendar Order of 3rd Reading April 1, 2022
  4/1/2022SenateThird Reading - Passed; 045-002-000
  4/1/2022HousePassed Both Houses
  4/28/2022HouseSent to the Governor
  5/13/2022HouseGovernor Approved
  5/13/2022HouseEffective Date May 13, 2022
  5/13/2022HousePublic Act . . . . . . . . . 102-0815

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