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| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB3410 Introduced 2/18/2025, by Rep. Lilian Jiménez SYNOPSIS AS INTRODUCED:
| | 35 ILCS 200/18-184.25 new | |
| Amends the Property Tax Code. Provides that any qualified resident of a cultural district designated by the Department of Commerce and Economic Opportunity may petition the corporate authorities of any taxing district in which the person resides to abate up to one-half of the property tax levied against homestead property occupied as a primary residence by the qualified resident. |
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| | A BILL FOR |
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| | HB3410 | | LRB104 12126 HLH 22225 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by adding |
| 5 | | Section 18-184.25 as follows:
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| 6 | | (35 ILCS 200/18-184.25 new) |
| 7 | | Sec. 18-184.25. Cultural heritage abatement. Any qualified |
| 8 | | resident of a cultural district designated by the Department |
| 9 | | of Commerce and Economic Opportunity may petition the |
| 10 | | corporate authorities of any taxing district in which the |
| 11 | | person resides to abate up to one-half of the property tax |
| 12 | | levied against homestead property occupied as a primary |
| 13 | | residence by the qualified resident. As used in this Section, |
| 14 | | "qualified resident" means a person who (i) represents the |
| 15 | | culture indicated in the cultural district as threatened by |
| 16 | | displacement or who is a member of a protected class and (ii) |
| 17 | | can attest that the person is threatened by displacement due |
| 18 | | to rising property tax levies and inflated local property |
| 19 | | values caused by real estate speculation. |