HB2592 - 104th General Assembly (2025-2026)

PROP TX-CONDO ABATEMENT
Last Action
2/11/2026 - House: Assigned to Revenue & Finance Committee
Hearings
Revenue & Finance Committee Hearing Feb 19 2026 8:00AM Stratton Building Room D-1 Springfield, IL ** Canceled **
Revenue & Finance Committee Hearing Feb 26 2026 8:00AM Stratton Building Room D-1 Springfield, IL
Statutes Amended In Order of Appearance
35 ILCS 200/18-185.25 new  
Synopsis As Introduced
Amends the Property Tax Code. Provides that any taxing district may, after the determination of the assessed valuation of its property, order the county clerk to abate any portion of its taxes on any qualified condominium property. Provides that the amount of the abatement may not exceed the special assessments imposed against the property by the condominium association during the taxable year. Provides that "qualified condominium property" means a condominium that is located in a low-income community and with respect to which the condominium association has imposed a special assessment for repairs during the taxable year. Effective immediately.
Actions
DateChamberAction
2/04/2025HouseFiled with the Clerk by Rep. Curtis J. Tarver, II
2/06/2025HouseFirst Reading
2/06/2025HouseReferred to Rules Committee
3/04/2025HouseAssigned to Revenue & Finance Committee
3/06/2025HouseTo Property Tax Subcommittee
3/21/2025HouseRule 19(a) / Re-referred to Rules Committee
2/11/2026HouseAssigned to Revenue & Finance Committee