Bill
HB 3410
Creates Cultural Heritage Abatement: allow qualified residents in DCEO-designated cultural districts to petition for up to 50% reduction on property tax on their primary residence.
HB 3410 — PROP TX-ABATEMENT (Summary)
Overview
- Purpose: Create a culturally targeted property tax relief mechanism for residents living in designated cultural districts, aimed at preventing displacement due to rising property taxes and inflated property values linked to real estate speculation.
- Bill type and status: Illinois bill introduced in the 104th General Assembly; Rule 19(a) status as of March 2025 and re-referred to the Rules Committee. Introduced February 18, 2025 (with initial filing earlier in February). Primary sponsor: Rep. Lilian Jiménez.
What the bill would do
- New provision added: 35 ILCS 200/18-184.25 (Cultural heritage abatement).
- Abatement authority: A qualified resident of a cultural district designated by the Department of Commerce and Economic Opportunity (DCEO) may petition the corporate authorities of any taxing district in which the person resides to abate up to 50% of the property tax levied on homestead property that the resident occupies as their primary residence.
- Eligible properties: Homestead property used as the resident’s primary residence within the taxing district that the resident petitions for abatement.
- Targeted area: Cultural districts must be designated by DCEO for eligibility to access this abatement.
Key definitions and eligibility
- Qualified resident: An individual who either
- represents the culture indicated in the cultural district and is threatened by displacement, or
- is a member of a protected class and can attest that they face displacement due to rising property tax levies and inflated local property values caused by real estate speculation.
- Cultural district: A district designated by the Department of Commerce and Economic Opportunity (DCEO).
Who would be affected
- Beneficiaries: Residents who meet the “qualified resident” criteria and reside in a homestead within a taxing district that is petitioning for the abatement.
- Jurisdictions involved: Local taxing districts (cities, counties, townships, special districts) where the resident’s property tax levy applies. These districts would have the authority to grant or deny the abatement via their corporate authorities.
- Potential fiscal impact: The abatement would reduce property tax revenues to the relevant taxing districts by up to 50% for eligible properties, potentially affecting district budgets and services. The bill does not specify a funding mechanism or caps beyond the 50% limit.
Procedural and timeline notes
- Introduction and referrals:
- Filed: February 7, 2025
- First readings: February 18, 2025
- Referred to Rules Committee: February 18, 2025
- Subsequent committee actions:
- To Tax Policy: Other Taxes Subcommittee (March 13, 2025)
- Assigned to Revenue & Finance Committee (March 11, 2025)
- Readings/updates: March 21, 2025 (Rule 19(a) re-referred to Rules Committee)
- Sponsorship: Rep. Lilian Jiménez (primary sponsor)
Notes for readers
- The bill envisions a voluntary, locally administered program where qualifying residents can seek significant (up to 50%) relief on their annual property tax bills for their primary residence, contingent on ongoing designation of their district as a cultural district by the DCEO.
- Details such as duration of abatements, application timelines, appeals, and funding implications would likely be established through local adoption by taxing districts and any implementing regulations.
Compiled from official sources — confirm details with the bill’s official record.
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