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<xml>
<title>Illinois General Assembly - Bill Status for SB 1322         </title>
<shortdesc>PROP TX-INCOME PROPERTY</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Celina Villanueva, Robert Peters and Napoleon Harris, III</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/Art. 9 Div. 6 heading new</reference><aliasreference></aliasreference><reference>35 ILCS 200/9-280 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/9-281 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, taxpayers of income-producing property shall submit income and expense data annually to the chief county assessment officer on or before July 1 of each year. Provides that, in counties of fewer than 3,000,000 inhabitants, the county board may provide by ordinance or resolution that taxpayers of income-producing property shall submit income and expense data annually to the chief county assessment officer on or before March 31 of each year. Contains certain exceptions. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/6/2023</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Celina Villanueva</action>
<statusdate>2/6/2023</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/6/2023</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/7/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Robert Peters</action>
<statusdate>3/10/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Napoleon Harris, III</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

