Date	Chamber	Action
1/13/2021	Senate	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 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 

Date	Chamber	Action
5/23/2019	Senate	Filed with Secretary by Sen. John J. Cullerton
5/23/2019	Senate	First Reading
5/23/2019	Senate	Referred to Assignments
1/20/2020	Senate	Chief Sponsor Changed to Sen. Don Harmon
2/28/2020	Senate	Added as Co-Sponsor Sen. Laura Fine
1/13/2021	Senate	Session Sine Die

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