Bill Status of HB 274   102nd General Assembly


Short Description:  PROPERTY-RETIREMENT COMMUNITY

House Sponsors
Rep. Sam Yingling

Last Action  View All Actions

DateChamber Action
  1/10/2023HouseSession Sine Die

Statutes Amended In Order of Appearance
765 ILCS 160/1-5
765 ILCS 160/1-45

Synopsis As Introduced
Amends the Common Interest Community Association Act. Defines a "retirement community" as a community intended and operated: (i) for occupancy by persons 55 years of age or older; and (ii) with at least 80% of the occupied units occupied by at least one person 55 years of age or older. Provides that the real estate taxes on a unit in a retirement community shall be assessed on the unit and paid by the unit owner. Provides that only real estate taxes on a common area may be included in an assessment. Provides that a common interest community shall provide a detailed breakdown of all costs in an association assessment, including a breakdown of real estate tax information. Effective immediately.

Actions 
DateChamber Action
  1/25/2021HouseFiled with the Clerk by Rep. Sam Yingling
  1/29/2021HouseFirst Reading
  1/29/2021HouseReferred to Rules Committee
  2/23/2021HouseAssigned to Revenue & Finance Committee
  3/4/2021HouseTo Property Tax Subcommittee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2023HouseSession Sine Die

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