Bill Status of HB 5434   102nd General Assembly


Short Description:  INC TX-LANDLORD CREDIT

House Sponsors
Rep. Deanne M. Mazzochi

Last Action  View All Actions

DateChamber Action
  1/10/2023HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/232 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for qualified landlords. Provides that the term "qualified landlord" means an individual, partnership, trust, or corporation that incurred rental income losses from residential rental property as a result of the COVID-19 eviction moratorium and (1) owns fewer than 7 residential rental units in the State; or (2) actively maintains at least 25% of its rental units as affordable housing. Effective immediately.

Actions 
DateChamber Action
  1/28/2022HouseFiled with the Clerk by Rep. Deanne M. Mazzochi
  1/31/2022HouseFirst Reading
  1/31/2022HouseReferred to Rules Committee
  1/10/2023HouseSession Sine Die

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