HB 5097 Illinois House · 102nd Regular Session

PROP TX-INDOOR MALL

Summary
Amends the Property Tax Code. Provides that, in a county that classifies property for the purposes of taxation, a taxpayer that is liable for the payment of real property taxes on property containing an indoor shopping mall may apply with the chief county assessment officer to have that property classified in the same manner as a warehouse located in the county. Provides that, to receive the classification, the owner of the indoor shopping mall must offer rent to all of its tenants that is below market value for commercial space in the geographic area, as determined by the chief county assessment officer. Preempts the concurrent exercise of home rule powers.
Bill status failed 1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
Governor
Introduced Jan 27, 2022 Last action Jan 10, 2023
Floor votes

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Full legislative history

Actions timeline

Total actions
7
Key actions
0
Committee
4
Jan 10, 2023
House · Failed
Session Sine Die
Feb 18, 2022
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 15, 2022
House · Reported by committee
To Property Tax Subcommittee
Feb 9, 2022
House · Referred to committee
Assigned to Revenue & Finance Committee
Jan 27, 2022
House · Referred to committee
Referred to Rules Committee
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Rita Mayfield
Rita Mayfield
DDemocratic
IL
60