HB4637 - 104th General Assembly (2025-2026)

PROP TX-OMITTED PROPERTY
Last Action
2/26/2026 - House: To Property Tax Subcommittee
House Sponsors
Rep. Jay Hoffman
Hearings
Revenue & Finance Committee Hearing Feb 26 2026 10:00AM Capitol Building Room 114 Springfield, IL
Statutes Amended In Order of Appearance
35 ILCS 200/9-265  
Synopsis As Introduced
Amends 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.
Actions
DateChamberAction
1/27/2026HouseFiled with the Clerk by Rep. Jay Hoffman
2/03/2026HouseFirst Reading
2/03/2026HouseReferred to Rules Committee
2/11/2026HouseAssigned to Revenue & Finance Committee
2/26/2026HouseTo Property Tax Subcommittee