|
| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB5267 Introduced 2/10/2026, by Rep. Eva-Dina Delgado SYNOPSIS AS INTRODUCED:
| | | Amends the Property Tax Code. Provides that, in counties with a population of 200,000 or more that classify property, any residential property used in whole or in part as a short-term rental accommodation for 30 or more days in any year shall be assessed on the same basis of assessment as commercial property |
| |
| | A BILL FOR |
|
|
| | HB5267 | | LRB104 19737 HLH 33187 b |
|
|
| 1 | | AN ACT concerning revenue.
|
| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Property Tax Code is amended by adding |
| 5 | | Section 9-152 as follows:
|
| 6 | | (35 ILCS 200/9-152 new) |
| 7 | | Sec. 9-152. Short-Term Rentals Assessed as Commercial |
| 8 | | Property. In counties with a population of 200,000 or more |
| 9 | | that classify property, any residential property used in whole |
| 10 | | or in part as a short-term rental accommodation for 30 or more |
| 11 | | days in any year shall be assessed on the same basis of |
| 12 | | assessment as commercial property. |