HB 5026 Illinois House · 103rd Regular Session

PROP TX-NATURAL PRESERVATION

Summary
Amends the Property Tax Code. Provides that, for the purposes of assessment, property registered in perpetuity with the register of areas under the Illinois Natural Areas Preservation Act is considered to be encumbered by a public easement and shall be depreciated to a level at which its value is $5 per acre, and any improvement, dwelling, or other appurtenant structure present on that land shall be valued at 33 1/3% of its fair cash value. Provides that a conservation right on land preserving a habitat for plant and animal species that are native to Illinois (currently, State or federal endangered or threatened species or federal candidate species) is considered to provide a demonstrated public benefit. Provides that a conservation right on land located adjacent to a park, conservation area, nature preserve, or other land or water area that is publicly owned or otherwise permanently protected for conservation purposes is considered to provide a demonstrated public benefit if the conservation right on that land furthers the conservation purposes of the adjacent protected area. Effective immediately.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 7, 2024 Last action Apr 5, 2024
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
10
Key actions
2
Committee
7
Amendments
1
Apr 5, 2024
Committee
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
lower
Apr 5, 2024
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 2, 2024
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
lower
Apr 1, 2024
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Apr 1, 2024
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Maura Hirschauer
lower
Mar 8, 2024
Lower · Passed
To Revenue - Property Tax Subcommittee
lower
Feb 28, 2024
Committee
Assigned to Revenue & Finance Committee
lower
Feb 8, 2024
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Maura Hirschauer
Maura Hirschauer
DDemocratic
IL
49