Illinois General Assembly - Bill Status for HB4495
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB4495  102nd General Assembly


House Sponsors
Rep. Michael J. Zalewski

Last Action
DateChamber Action
  1/10/2023HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-178

Synopsis As Introduced
Amends the Property Tax Code. In provisions concerning a reduction in assessed value for affordable rental housing construction or rehabilitation, provides that, for the purpose of an initial application and only until the building is put in service, an owner may provide proof of either a deed restriction or participation in a government program that includes legally enforceable affordability requirements comparable to the requirements set forth in those provisions, and the chief county assessment officer shall furnish a letter of intent to the applicant. Makes changes to the definition of "assessed value for the residential real property in the base year". Effective immediately.

DateChamber Action
  1/13/2022HouseFiled with the Clerk by Rep. Michael J. Zalewski
  1/21/2022HouseFirst Reading
  1/21/2022HouseReferred to Rules Committee
  1/25/2022HouseAssigned to Revenue & Finance Committee
  2/3/2022HouseTo Property Tax Subcommittee
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2023HouseSession Sine Die

Back To Top