republic-os/legislation/us/states/il/102nd/sb-3895.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	PROP TX-REDUCED ASSESSED VALUE	Amends the Property Tax Code. Provides that to receive a reduction in assessed value, an owner, for the purpose of the initial application and only until the building is put in service, may provide proof of either a deed restriction or participation in a government program that includes legally enforceable affordability requirements comparable to the requirements of this Code and the chief county assessment officer shall furnish a letter of intent to the applicant indicating that a preliminary assessment of the new construction or qualifying rehabilitation indicates that it will meet all eligibility requirements. Modifies "assessed value for the residential real property in the base year" to mean the assessed value used to calculate the tax bill, as certified by the Board of Review, for the tax year immediately prior to the tax year in which the building permit is issued; for property assessed as other than residential property, the "assessed value for the residential real property in the base year" means the assessed value that would have been obtained had the property been classified as residential as derived from the Board of Review's certified market value (currently, the value in effect at the end of the taxable year prior to the latter of: (1) the date of initial application; or (2) the date on which 20% of the total number of units in the property are occupied by eligible tenants paying eligible rent). Modifies "maximum income limits" to include when a property may be deemed to have satisfied the maximum income limits with a weighted average if municipal, state, or federal laws, ordinances, rules or regulations requires the use of a weighted average of no more than 60% of area median income for that property. Modifies "maximum rent" to include that a property may be deemed to have satisfied the maximum rent with a weighted average if municipal, state, or federal laws, ordinances, rules or regulations requires the use of a weighted average of no more than 60% of area median income for that property.	us/states/il	Illinois General Assembly	102nd	SB 3895	Illinois SB 3895 (102nd)	bill		enacted	Ann Gillespie Will Guzzardi	4	30	1	2022-01-21	2022-05-20	openstates	ocd-bill/f28f9f51-4d42-40ca-9a40-cdbd1edbf37a	https://ilga.gov/legislation/BillStatus.asp?DocNum=3895&GAID=16&DocTypeID=SB&LegId=138981&SessionID=110&GA=102	dc850331babef5e7566fa98e96c469618be4f783664221c6b4689afcff435650	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois SB 3895 (102nd) — PROP TX-REDUCED ASSESSED VALUE

Amends the Property Tax Code. Provides that to receive a reduction in assessed value, an owner, for the purpose of the initial application and only until the building is put in service, may provide proof of either a deed restriction or participation in a government program that includes legally enforceable affordability requirements comparable to the requirements of this Code and the chief county assessment officer shall furnish a letter of intent to the applicant indicating that a preliminary assessment of the new construction or qualifying rehabilitation indicates that it will meet all eligibility requirements. Modifies "assessed value for the residential real property in the base year" to mean the assessed value used to calculate the tax bill, as certified by the Board of Review, for the tax year immediately prior to the tax year in which the building permit is issued; for property assessed as other than residential property, the "assessed value for the residential real property in the base year" means the assessed value that would have been obtained had the property been classified as residential as derived from the Board of Review's certified market value (currently, the value in effect at the end of the taxable year prior to the latter of: (1) the date of initial application; or (2) the date on which 20% of the total number of units in the property are occupied by eligible tenants paying eligible rent). Modifies "maximum income limits" to include when a property may be deemed to have satisfied the maximum income limits with a weighted average if municipal, state, or federal laws, ordinances, rules or regulations requires the use of a weighted average of no more than 60% of area median income for that property. Modifies "maximum rent" to include that a property may be deemed to have satisfied the maximum rent with a weighted average if municipal, state, or federal laws, ordinances, rules or regulations requires the use of a weighted average of no more than 60% of area median income for that property.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Introduced (filed) — source
2. Engrossed (committee substitute) — source
3. Senate Amendment 001 (committee substitute) — source
4. Enrolled (enrolled) — source

Votes

• Third Reading — 109–0 (pass) · lower

Sponsors

• Ann Gillespie — primary (person)
• Will Guzzardi — primary (person)
• Sara Feigenholtz — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2022-01-21 Filed with Secretary by Sen. Ann Gillespie filing
• 2022-01-21 First Reading reading-1
• 2022-01-21 Referred to Assignments referral-committee
• 2022-01-27 Added as Chief Co-Sponsor Sen. Sara Feigenholtz
• 2022-02-01 Assigned to Revenue referral-committee
• 2022-02-07 Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ann Gillespie amendment-introduction
• 2022-02-07 Senate Committee Amendment No. 1 Referred to Assignments referral-committee
• 2022-02-08 Senate Committee Amendment No. 1 Assignments Refers to Revenue
• 2022-02-09 Senate Committee Amendment No. 1 Adopted amendment-passage
• 2022-02-10 Do Pass as Amended Revenue; 011-000-000 committee-passage
• 2022-02-10 Placed on Calendar Order of 2nd Reading February 15, 2022
• 2022-02-15 Second Reading reading-2
• 2022-02-15 Placed on Calendar Order of 3rd Reading February 16, 2022
• 2022-02-16 Third Reading - Passed; 053-000-000 passage, reading-3
• 2022-02-16 Arrived in House introduction
• 2022-02-17 Chief House Sponsor Rep. Michael J. Zalewski
• 2022-02-17 First Reading reading-1
• 2022-02-17 Referred to Rules Committee referral-committee
• 2022-03-07 Assigned to Revenue & Finance Committee referral-committee
• 2022-03-17 Do Pass / Short Debate Revenue & Finance Committee; 018-000-000 committee-passage
• 2022-03-17 Placed on Calendar 2nd Reading - Short Debate
• 2022-03-23 Second Reading - Short Debate reading-2
• 2022-03-23 Placed on Calendar Order of 3rd Reading - Short Debate
• 2022-03-25 Alternate Chief Sponsor Changed to Rep. Will Guzzardi
• 2022-04-01 Third Reading - Short Debate - Passed 109-000-000 passage, reading-3
• 2022-04-01 Passed Both Houses
• 2022-04-29 Sent to the Governor executive-receipt
• 2022-05-20 Governor Approved executive-signature
• 2022-05-20 Effective Date May 20, 2022
• 2022-05-20 Public Act . . . . . . . . . 102-0893 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/f28f9f51-4d42-40ca-9a40-cdbd1edbf37a. Confidence: reported (aggregated from official Illinois legislature records).