Illinois General Assembly - Bill Status for SB2814
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 Bill Status of SB2814  103rd General Assembly


Short Description:  PROP TX-OMITTED PROPERTY

Senate Sponsors
Sen. Patrick J. Joyce

Last Action
DateChamber Action
  1/17/2024SenateReferred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 200/9-265


Synopsis As Introduced
Amends the Property Tax Code. In counties with fewer than 3,000,000 inhabitants, provides that property that receives an erroneous homestead exemption for the current assessment year or for any of the 3 prior assessment years may be considered omitted property. Provides for penalties and interest to be imposed on that omitted property. Provides that any arrearage of taxes or interest that might have been assessed against that omitted property shall not be chargeable to certain bona fide purchasers of the property. Effective immediately.

Actions 
DateChamber Action
  1/17/2024SenateFiled with Secretary by Sen. Patrick J. Joyce
  1/17/2024SenateFirst Reading
  1/17/2024SenateReferred to Assignments

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