Bill > HB2996

This bill amends the Illinois Property Tax Code by adding a new division specifically addressing wireless telecommunications towers. Under this legislation, wireless telecommunication towers that do not already qualify for an existing tax exemption will now be subject to local property taxes. The assessment of these towers' value will be determined by policies established by the chief county assessment officer. This means that previously untaxed or incompletely taxed cell towers will now generate property tax revenue for local jurisdictions. The bill's immediate effectiveness suggests that counties can begin implementing these new taxation policies right away, potentially providing a new source of revenue for local governments. By explicitly stating that these towers are taxable assets, the legislation closes potential loopholes that may have previously allowed telecommunications companies to avoid local property tax assessments.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2996&GAID=18&DocTypeID=HB&SessionID=114&GA=104