Negotiations Continue on Property Tax Reform Bill

Lawndale News Chicago's Bilingual Newspaper - Business

House Assistant Majority Leader Will Davis, Revenue Committee Chairman Mike Zalewski, and Cook County Assessor Fritz Kaegi met Tuesday afternoon with representatives of labor unions and industry interest groups to clarify language in a significant legislative property tax reform effort. The meeting was part of a process to move toward successful passage of SB 1379, the Data Modernization Bill. SB 1379 would give the Cook County Assessor’s Office the ability to collect operating income and expense data for income-generating, commercial properties. Collecting income and expense data up front — on an anonymized and bulk basis—would bring Cook County (and other counties in Illinois who choose to opt-in to this practice) in line with professional practices used by Assessors in at least 17 other states. In the meeting were Revenue Committee Chairman Mike Zalewski and Illinois House Assistant Majority Leaders Davis, Rep. Fred Crespo and Rep. Kelly Burke, all sponsors of SB 1379. In addition, supporters of SB 1379 who participated in the discussion included Cook County Commissioner Larry Suffredin, and a representative of Mayor-elect Lori Lightfoot. After passing the Illinois Senate in a bi-partisan, supermajority vote, SB 1379 was scheduled for a vote last week in the House Revenue Committee, but was pulled at the last minute after all parties agreed to clarify some language in the bill.

Lawndale News Chicago's Bilingual Newspaper - Business

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