summary
Introduced
01/21/2026
01/21/2026
In Committee
01/26/2026
01/26/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Illinois Income Tax Act. Provides that, if a late discretionary hearing for a revised final assessment has been granted after a lien has attached, then the lien shall remain in full force except to the extent to which the final assessment may be reduced by a revised final assessment following the hearing or review. Effective immediately.
AI Summary
This bill amends the Illinois Income Tax Act to clarify how tax liens are handled when a taxpayer is granted a late hearing to revise a final assessment after a lien has already been placed on their property. Specifically, if a taxpayer receives a revised final assessment after a lien has attached, the lien will remain in effect unless the revised assessment reduces the original amount owed. In such cases, the lien will only be reduced to the extent of the revised assessment, ensuring that the state's claim on the taxpayer's property remains valid for the outstanding tax liability. This change is effective immediately upon becoming law.
Sponsors (1)
Last Action
Referred to Rules Committee (on 01/26/2026)
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