IllinoisSB1492104th General Assembly (2025–2026)Senate

PROP TX-SUBDIVISION VALUE

Sponsored By: Meg Loughran Cappel (Democratic)

In Committee

Summary

Amends the Property Tax Code. In provisions concerning platted and subdivided but undeveloped property, provides that (i) beginning with the 2025 taxable year, no property's assessed value shall be reduced to less than $150 under those provisions and (ii) beginning with the 2035 taxable year, no property shall be eligible for calculation of its assessed value under those provisions for more than a 10-year period.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Meg Loughran Cappel

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 3-9(a) / Re-referred to Assignments

    5/22/2026Senate
  2. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

    5/15/2026Senate
  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

    4/24/2026Senate
  4. Rule 2-10 Committee Deadline Established As April 24, 2026

    3/13/2026Senate
  5. Re-assigned to Revenue

    1/27/2026Senate
  6. Rule 3-9(a) / Re-referred to Assignments

    6/2/2025Senate
  7. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

    5/23/2025Senate
  8. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

    5/9/2025Senate
  9. Rule 2-10 Committee Deadline Established As May 9, 2025

    4/11/2025Senate
  10. Rule 2-10 Committee Deadline Established As April 11, 2025

    3/21/2025Senate
  11. Assigned to Revenue

    2/11/2025Senate
  12. Referred to Assignments

    1/31/2025Senate
  13. First Reading

    1/31/2025Senate
  14. Filed with Secretary by Sen. Meg Loughran Cappel

    1/31/2025Senate

Bill Text

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