IllinoisHB5464104th General Assembly (2025–2026)House

PROP TX-INCOME PROPERTY

Sponsored By: Justin Slaughter (Democratic)

In Committee

Summary

Amends the Property Tax Code. Provides that, in counties in which the county board so provides, by ordinance or resolution, owners of income-producing properties in the county shall file physical descriptions of their properties with the chief county assessment officer upon request of the chief county assessment officer. Sets forth the period of time during which those provisions apply. Provides that the request for information shall include an individualized statement specifying all physical description information that the assessor's office has on record or recorded against the property and shall contain a statement that the owner may confirm the information if no changes are required. Imposes certain penalties if the property owner fails to respond to a request for information. Amends the Freedom of Information Act to provide that financial records and data related to real estate income, expenses, and occupancy submitted by or on behalf of a property owner to a chief county assessment officer, except if submitted as part of an assessment appeal, are exempt from disclosure. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Justin Slaughter

    Democratic • House

Cosponsors

  • Yolonda Morris

    Democratic • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

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

    3/27/2026House
  2. Added Co-Sponsor Rep. Yolonda Morris

    3/20/2026House
  3. Assigned to Revenue & Finance Committee

    3/12/2026House
  4. Referred to Rules Committee

    2/13/2026House
  5. First Reading

    2/13/2026House
  6. Filed with the Clerk by Rep. Justin Slaughter

    2/6/2026House

Bill Text

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