Bill Status of SB 3243   101st General Assembly

Short Description:  REAL ESTATE TRANSFER REVENUE

Senate Sponsors
Sen. Ram Villivalam, Christopher Belt, Laura Fine, Iris Y. Martinez, Jacqueline Y. Collins-Robert Peters-Ann Gillespie, Antonio Muņoz-Celina Villanueva-Mattie Hunter, Omar Aquino, Patricia Van Pelt and Emil Jones, III

Last Action  View All Actions

DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
65 ILCS 5/8-3-19

Synopsis As Introduced
Amends the Illinois Municipal Code. Provides that a home rule municipality with a population in excess of 1,000,000 may restructure the rates of an existing real estate transfer tax to specified amounts. Provides that if the municipality increases the real estate transfer tax rates as provided in this subsection, then of the entire proceeds received from the real estate transfer tax, 75% shall be dedicated to the city's general budget and 25% shall be dedicated to housing and services to combat homelessness.

Actions 
DateChamber Action
  2/11/2020SenateFiled with Secretary by Sen. Ram Villivalam
  2/11/2020SenateFirst Reading
  2/11/2020SenateReferred to Assignments
  2/11/2020SenateAdded as Co-Sponsor Sen. Christopher Belt
  2/11/2020SenateAdded as Co-Sponsor Sen. Laura Fine
  2/11/2020SenateAdded as Co-Sponsor Sen. Iris Y. Martinez
  2/11/2020SenateAdded as Co-Sponsor Sen. Jacqueline Y. Collins
  2/11/2020SenateAdded as Chief Co-Sponsor Sen. Robert Peters
  2/11/2020SenateAdded as Chief Co-Sponsor Sen. Ann Gillespie
  2/11/2020SenateAdded as Co-Sponsor Sen. Antonio Muņoz
  2/11/2020SenateAdded as Chief Co-Sponsor Sen. Celina Villanueva
  2/11/2020SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter
  2/11/2020SenateAdded as Co-Sponsor Sen. Omar Aquino
  2/11/2020SenateAdded as Co-Sponsor Sen. Patricia Van Pelt
  2/18/2020SenateAdded as Co-Sponsor Sen. Emil Jones, III
  1/13/2021SenateSession Sine Die

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