Bill > SR0318

This resolution directs the Auditor General to conduct a comprehensive performance audit of the Illinois Department of Revenue's (IDR) processes for valuing and assessing railroad properties under the Property Tax Code. The audit will examine numerous aspects of the department's procedures, including how the public, local assessors, and county treasurers can access assessment data, challenge property classifications, and request hearings. Specifically, the audit will investigate IDR's methods for determining which properties are considered "operating" versus "non-carrier" real estate, the procedures for allocating railroad property values to different taxing districts, and the transparency of administrative law judge proceedings. The resolution aims to ensure that the IDR's property tax assessment processes are clear, fair, and well-documented, with a particular focus on how railroad properties are classified, valued, and taxed across Illinois. The Auditor General is expected to begin the audit promptly and report findings and recommendations in accordance with the Illinois State Auditing Act, with the IDR and other relevant entities required to fully cooperate with the audit process.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=318&GAID=18&DocTypeID=SR&SessionID=114&GA=104