Bill Status of HB 4132   103rd General Assembly


Short Description:  PROP TAX-CHARITABLE REHAB

House Sponsors
Rep. Maurice A. West, II

Last Action  View All Actions

DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/15-65

Synopsis As Introduced
Amends the Property Tax Code. In provisions concerning property tax exemptions for charitable purposes, provides that property held by a charitable organization for the purpose of constructing or rehabilitating residences for eventual transfer to qualified low-income families through sale, lease, or contract for deed is exempt from property tax as a charitable purpose. Provides that the exemption commences on the day title to the property is transferred to the organization and continues to the end of the levy year in which the organization transfers title to the property to a qualified low-income family. Effective immediately.

Actions 
DateChamber Action
  9/7/2023HouseFiled with the Clerk by Rep. Maurice A. West, II
  10/18/2023HouseFirst Reading
  10/18/2023HouseReferred to Rules Committee
  2/29/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue - Property Tax Subcommittee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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