Synopsis As Introduced Amends the Property Tax Code. In a Section concerning a housing opportunity area tax abatement program, provides that a housing choice voucher includes a tenant voucher converted to a project-based voucher by a housing authority. Provides that a qualified township in a county with 200,000 or more inhabitants, but fewer than 3,000,000 inhabitants, means a township whose tax capacity exceeds 80% (instead of 100%) of the average tax capacity of the county in which it is located. Effective immediately.
Senate Committee Amendment No. 1 Further amends the Property Tax Code. Provides that a census tract that is located within a township that is located wholly within a municipality with 1,000,000 or more inhabitants is considered a housing opportunity area for purposes of a housing opportunity area tax abatement program if less than 12% of the residents of the census tract live below the poverty level.