SB1379 | Illinois 2019-2020 | PROP TX-INCOME PRODUCING PROP

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On January 13, 2021 in the Senate:

Session Sine Die

On January 8, 2021 in the House:

Assigned to Revenue & Finance Committee
Moved to Suspend Rule 21 Rep. Natalie A. Manley
Suspend Rule 21 - Prevailed 066-039-000

On June 23, 2020 in the House:

Rule 19(b) / Re-referred to Rules Committee

On February 20, 2020 in the House:

To Property Tax Subcommittee

On February 4, 2020 in the House:

Assigned to Revenue & Finance Committee

On January 20, 2020 in the Senate:

Chief Sponsor Changed to Sen. Don Harmon

On November 4, 2019 in the Senate:

Chief Sponsor Changed to Sen. John J. Cullerton

On May 10, 2019 in the House:

Rule 19(a) / Re-referred to Rules Committee

On April 24, 2019 in the House:

Assigned to Revenue & Finance Committee

On April 4, 2019 in the House:

Arrived in House
Chief House Sponsor Rep. William Davis
First Reading
Referred to Rules Committee

On April 4, 2019 in the Senate:

Third Reading - Passed; 036-016-001

On March 28, 2019 in the Senate:

Second Reading
Senate Floor Amendment No. 2 Adopted; Hutchinson
Placed on Calendar Order of 3rd Reading April 3, 2019

On March 27, 2019 in the Senate:

Senate Floor Amendment No. 2 Assignments Refers to Revenue
Senate Floor Amendment No. 2 Recommend Do Adopt Revenue; 006-001-000

On March 26, 2019 in the Senate:

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Toi W. Hutchinson
Senate Floor Amendment No. 2 Referred to Assignments

On March 6, 2019 in the Senate:

Senate Committee Amendment No. 1 Assignments Refers to Revenue
Senate Committee Amendment No. 1 Adopted
Do Pass as Amended Revenue; 008-000-000
Placed on Calendar Order of 2nd Reading

On March 4, 2019 in the Senate:

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Toi W. Hutchinson
Senate Committee Amendment No. 1 Referred to Assignments

On February 21, 2019 in the Senate:

Postponed - Revenue

On February 13, 2019 in the Senate:

Filed with Secretary by Sen. Toi W. Hutchinson
First Reading
Referred to Assignments
Assigned to Revenue

Senate Amendment 002

Replaces everything after the enacting clause. Reinserts the provisions of Senate Amendment 1 with changes. Removes conforming changes concerning income and expense data, but retains the new Article concerning income-producing property. Provides that the term "income and expense data" include specific federal income tax returns (in Senate Amendment 1, federal income tax returns generally). Provides that "income-producing property" means property that is not exclusively owner-occupied (in Senate Amendment 1, non-owner-occupied). Removes a reference to gas stations. Defines "owner-occupied" and "taxpayer". Provides that the chief county assessment officer shall notify taxpayers of their obligation to submit income and expense data. Makes changes concerning the submission of federal tax forms. Provides that the penalty for failure to submit income and expense data shall be 0.05% (instead of 0.5%) of the prior year's market value. Adds provisions concerning administrative hearings. Makes other changes. Effective immediately.

Senate Amendment 001

Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes: (1) provides that the term "income producing property" includes only non-owner-occupied real property; (2) defines "property"; (3) provides that failure to submit income and expense data shall result in a penalty of 0.5% (in the introduced bill, 2%) of the prior year's assessed value; (4) provides that the taxpayer shall not be required to pay more than $100,000 in penalties per property; (5) removes provisions from the introduced bill providing that, if the taxpayer fails to submit income and expense data, the taxpayer shall not be permitted to appeal the assessment of that income producing property for the applicable taxable year; and (6) provides that the chief county assessment officer is not prohibited from disclosing compiled and anonymized income and expense data. Effective immediately.