Illinois General Assembly - Bill Status for SB0083
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 Bill Status of SB0083  100th General Assembly


Short Description:  PROPERTY TAX-SITE VALUE

Senate Sponsors
Sen. Win Stoller

Last Action
DateChamber Action
  2/3/2021SenateReferred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 200/Art. 31.1 heading new
35 ILCS 200/31.1-1 new
35 ILCS 200/31.1-5 new
35 ILCS 200/31.1-10 new


Synopsis As Introduced
Amends the Property Tax Code. Creates the Site Value Tax Law within the Property Tax Code. Provides that each taxing district may, by ordinance, levy a site value tax upon the assessed value of land within the taxing district. Provides that "assessed value" means 33 1/3% of the fair cash value of the land, without regard to buildings, structures, improvements, or other permanent fixtures on the land, except for the value of oil, gas, coal, and other minerals in the land and the right to remove such oil, gas, coal, and other minerals from the land. Contains provisions concerning enforcement and collection. Effective immediately.

Actions 
DateChamber Action
  2/3/2021SenateFiled with Secretary by Sen. Win Stoller
  2/3/2021SenateFirst Reading
  2/3/2021SenateReferred to Assignments

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