Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/15-178 new

Synopsis As Introduced
Amends the Property Tax Code. Provides for a reduction in the equalized assessed value of newly-constructed or rehabilitated rental property if the owner of the residential real property commits that, for a period of 10 years, at least 15% of the multifamily building's units will have rents that are at or below maximum rents and are occupied by households with household incomes at or below maximum income limits. Provides that the chief county assessment officer of a county with 3,000,000 or more inhabitants shall establish such a program, and the chief county assessment officer of a county with less than 3,000,000 inhabitants shall establish such a program upon passage of an ordinance by a majority vote of the county board. Sets forth application requirements and the amount of the reduction. Effective immediately.

Actions 

Date	Chamber	Action
2/6/2019	House	Filed with the Clerk by Rep. Sara Feigenholtz
2/6/2019	House	Added Chief Co-Sponsor Rep. Michael J. Zalewski
2/6/2019	House	Added Chief Co-Sponsor Rep. Arthur Turner
2/6/2019	House	Added Chief Co-Sponsor Rep. Ann M. Williams
2/6/2019	House	Added Chief Co-Sponsor Rep. Marcus C. Evans, Jr.
2/7/2019	House	First Reading
2/7/2019	House	Referred to Rules Committee
2/19/2019	House	Assigned to Revenue & Finance Committee
2/28/2019	House	To Property Tax Subcommittee
3/29/2019	House	Rule 19(a) / Re-referred to Rules Committee
4/3/2019	House	Added Co-Sponsor Rep. Curtis J. Tarver, II
5/9/2019	House	Added Co-Sponsor Rep. Andrew S. Chesney
5/23/2019	House	Added Co-Sponsor Rep. Diane Pappas
5/24/2019	House	Added Co-Sponsor Rep. Camille Y. Lilly
7/22/2019	House	Removed Co-Sponsor Rep. Andrew S. Chesney
10/4/2019	House	Added Co-Sponsor Rep. Lindsey LaPointe
10/10/2019	House	Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
1/13/2021	House	Session Sine Die

Back To Top