Docket Room
HB 5464·IL·house

PROP TX-INCOME PROPERTY

In CommitteeFiled Feb 6, 2026
Sponsor: Justin Slaughter
Latest Action

Rule 19(a) / Re-referred to Rules Committee

Mar 27, 2026

Summary

The bill lets Illinois counties, where authorized by the county board, demand that owners of income‑producing real estate provide detailed physical descriptions of their properties to the chief county assessment officer. It also makes the owners’ financial records and data about rent, expenses, and occupancy exempt from public disclosure under the Freedom of Information Act, except when used in an assessment appeal. The changes are intended to improve tax assessment accuracy while protecting owners’ financial privacy.

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