Illinois General Assembly - Bill Status for SB2973
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 Bill Status of SB2973  103rd General Assembly


Short Description:  PROPERTY TX-ABATEMENT

Senate Sponsors
Sen. Win Stoller

Last Action
DateChamber Action
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 200/18-180


Synopsis As Introduced
Amends the Property Tax Code. Provides that the abatement for property located in an area of urban decay also applies to newly remodeled single-family or duplex residential dwelling units (currently, only newly constructed single-family or duplex dwelling units). Provides that provisions requiring the abatement to be reduced in 20% increments annually during the last 4 years of the abatement period apply only to abatements granted prior to the effective date. Effective immediately.

Actions 
DateChamber Action
  1/31/2024SenateFiled with Secretary by Sen. Win Stoller
  1/31/2024SenateFirst Reading
  1/31/2024SenateReferred to Assignments
  2/6/2024SenateAssigned to Revenue
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

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