IllinoisHB5773104th General Assembly (2025–2026)House

PROP TX-FARMLAND

Sponsored By: Lawrence "Larry" Walsh, Jr.

In Committee

Summary

Amends the Property Tax Code. Makes changes concerning certifications by the Department of Revenue for the purpose of establishing guidelines and valuations for farmland. Provides that cropland, permanent pasture, and other farmland shall be defined according to guidelines issued by the Department of Revenue (currently, U.S. Census Bureau definitions). Makes changes concerning equalization factors applied to farmland property. In provisions concerning property under a forestry management plan, provides that the Department of Natural Resources shall inform the Department of Revenue of each parcel of land covered by an approved forestry management plan, and the Department of Revenue shall notify each chief county assessment officer of each parcel of land covered by an approved forestry management plan (currently, the Department Natural Resources notifies the Department of Revenue and each chief county assessment officer). Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Lawrence "Larry" Walsh, Jr.

    Affiliation unavailable

Cosponsors

  • Charles Meier

    Affiliation unavailable

  • Jay Hoffman

    Affiliation unavailable

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added Chief Co-Sponsor Rep. Jay Hoffman

    5/15/2026House
  2. Added Co-Sponsor Rep. Charles Meier

    5/15/2026House
  3. Referred to Rules Committee

    5/14/2026House
  4. First Reading

    5/14/2026House
  5. Filed with the Clerk by Rep. Lawrence "Larry" Walsh, Jr.

    5/13/2026House

Bill Text

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