Illinois General Assembly - Bill Status for HB5035
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 Bill Status of HB5035  103rd General Assembly

Short Description:  PROP TX-AFFORDABLE HOUSING

House Sponsors
Rep. Eva-Dina Delgado

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

Statutes Amended In Order of Appearance
35 ILCS 200/15-178.1 new


Synopsis As Introduced
Amends the Property Tax Code. Creates a reduction in assessed value for property that contains a residential structure that is leased to at least one individual who participates in a qualifying income-based rental subsidy program. Provides that the reduction shall be equal to $2,000 multiplied by the number of residential units on the property that are rented to an individual who participates in a qualifying income-based rental subsidy program. Effective immediately.

Actions 
DateChamber Action
  2/7/2024HouseFiled with the Clerk by Rep. Eva-Dina Delgado
  2/8/2024HouseFirst Reading
  2/8/2024HouseReferred to Rules Committee
  3/5/2024HouseAssigned 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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