SB 2543 Illinois Senate · 102nd Regular Session

PROP TX-SUBDIVISIONS

Summary
Amends the Property Tax Code. Provides that, in counties of less than 3,000,000 inhabitants, beginning in assessment year 2024, lots that have been platted and subdivided shall be assessed based on the estimated price the property would bring at a fair voluntary sale (currently, based on the assessed value assigned to the property when last assessed prior to its last transfer or conveyance).
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2021
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2021 Last action Jan 10, 2023
Floor votes

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Full legislative history

Actions timeline

Total actions
7
Key actions
0
Committee
3
Jan 10, 2023
Senate · Failed
Session Sine Die
Apr 16, 2021
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Apr 7, 2021
Senate · Referred to committee
Assigned to Revenue
Feb 26, 2021
Senate · Referred to committee
Referred to Assignments
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Don Harmon
Don Harmon
DDemocratic
IL
39