PROP TX-INCOME PROPERTY Senate SponsorsSen. Celina Villanueva, Mark L. Walker, Mattie Hunter, Javier L. Cervantes, Robert Peters, Michael W. Halpin and Rachel Ventura 1/29/2026SenateReferred to Assignments 5 ILCS 140/735 ILCS 200/Art. 9 Div. 6 heading new35 ILCS 200/9-280 new35 ILCS 200/9-290 newAmends 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. 1/29/2026SenateFiled with Secretary by Sen. Celina Villanueva 1/29/2026SenateFirst Reading 1/29/2026SenateReferred to Assignments 2/19/2026SenateAdded as Co-Sponsor Sen. Mark L. Walker 3/4/2026SenateAdded as Co-Sponsor Sen. Mattie Hunter 3/4/2026SenateAdded as Co-Sponsor Sen. Javier L. Cervantes 3/4/2026SenateAdded as Co-Sponsor Sen. Robert Peters 3/11/2026SenateAdded as Co-Sponsor Sen. Michael W. Halpin 3/23/2026SenateAdded as Co-Sponsor Sen. Rachel Ventura