Bill Status of HB 5445   98th General Assembly


Short Description:  PROP TX-LAND BANK

House Sponsors
Rep. Kelly Burke

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/9-195
35 ILCS 200/15-60
35 ILCS 200/21-95

Synopsis As Introduced
Amends the Property Tax Code. Provides that certain property owned by a county, municipality, taxing district, unit of local government, or by one or more municipalities pursuant to an ordinance or intergovernmental agreement, that is held for land bank purposes is exempt from taxation under the Code. Provides that the property remains exempt even if the property is leased to another entity whose property is not exempt.

Actions 
DateChamber Action
  2/11/2014HouseFiled with the Clerk by Rep. Kelly Burke
  2/14/2014HouseFirst Reading
  2/14/2014HouseReferred to Rules Committee
  3/19/2014HouseAssigned to Revenue & Finance Committee
  3/21/2014HouseTo Property Tax Subcommittee
  3/28/2014HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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