Bill Status of SB2397 102nd General Assembly
Short Description: PROP TX-INCOME PROPERTY
Sen. Cristina Castro
| 2/26/2021||Senate||Referred to Assignments|
Statutes Amended In Order of Appearance
|35 ILCS 200/Art. 9 Div. 6 heading new|
Synopsis As Introduced
Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, taxpayers of income producing property shall submit income and expense data annually to the chief county assessment officer on or before July 1 of each year. Provides that, in counties of fewer than 3,000,000 inhabitants, the county board may provide by ordinance or resolution that taxpayers of income-producing property shall submit income and expense data annually to the chief county assessment officer on or before March 31 of each year. Contains certain exceptions. Effective immediately.