Bill Status of HB 5071   101st General Assembly

Short Description:  PROP TX-AFFORDABLE HOUSING

House Sponsors
Rep. Emanuel Chris Welch, William Davis and Jonathan "Yoni" Pizer

Last Action  View All Actions

DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-178 new

Synopsis As Introduced
Amends the Property Tax Code. Provides for property tax incentives for newly-constructed or rehabilitated rental property if the owner of the residential real property commits that, for a period of 10 years, at least 20% 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 
DateChamber Action
  2/13/2020HouseFiled with the Clerk by Rep. Emanuel Chris Welch
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  3/12/2020HouseAssigned to Revenue & Finance Committee
  3/12/2020HouseAdded Co-Sponsor Rep. William Davis
  5/15/2020HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Emanuel Chris Welch
  5/15/2020HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  5/22/2020HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  5/22/2020HouseAdded Co-Sponsor Rep. Jonathan "Yoni" Pizer
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  6/23/2020HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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