PROP TX-OMITTED PROPERTY Senate SponsorsSen. Patrick J. Joyce 1/7/2025SenateSession Sine Die 35 ILCS 200/9-265Amends the Property Tax Code. In counties with fewer than 3,000,000 inhabitants, provides that property that receives an erroneous homestead exemption for the current assessment year or for any of the 3 prior assessment years may be considered omitted property. Provides for penalties and interest to be imposed on that omitted property. Provides that any arrearage of taxes or interest that might have been assessed against that omitted property shall not be chargeable to certain bona fide purchasers of the property. Effective immediately. 1/17/2024SenateFiled with Secretary by Sen. Patrick J. Joyce 1/17/2024SenateFirst Reading 1/17/2024SenateReferred to Assignments 1/7/2025SenateSession Sine Die