Bill > SB1830

This bill amends the Property Tax Code to clarify how certain buildings and structures are classified for tax purposes. Specifically, the bill stipulates that portable buildings like sheds, garages, and other outbuildings that are not permanently affixed to a foundation or connected to utilities for year-round use will not be considered real property. This means these types of movable or temporary structures would not be subject to the same property tax assessments as permanent buildings. The change is significant because it provides a clear definition for mobile or temporary structures, potentially offering tax relief for property owners with portable buildings. The bill maintains existing provisions regarding mobile homes and manufactured homes, which have separate tax rules depending on their location (inside or outside mobile home parks) and whether they are sold, transferred, or relocated. The change is effective immediately and aims to provide more clarity and potentially more favorable tax treatment for certain types of non-permanent structures.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1830&GAID=18&DocTypeID=SB&SessionID=114&GA=104