Bill Status of HB1842  102nd General Assembly


Short Description:  PROP TX- SOUTHLAND PROPERTY

House Sponsors
Rep. Anthony DeLuca - Debbie Meyers-Martin - Nicholas K. Smith and William Davis

Last Action
DateChamber Action
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/Art. 10 Div. 21 heading new
35 ILCS 200/10-800 new


Synopsis As Introduced
Amends the Property Tax Code. Provides that certain property located in Bloom, Bremen, Calumet, Rich, Thornton, or Worth Township may be certified as southland reactivation property. Provides that, beginning with the first tax year after the property is certified as southland reactivation property and continuing through the twelfth tax year after the property is certified as southland reactivation property, the property shall be valued at 50% of the last known equalized assessed value. Sets forth the maximum aggregate tax liability for property that has been certified as southland reactivation property. Effective immediately.

Actions 
DateChamber Action
  2/16/2021HouseFiled with the Clerk by Rep. Anthony DeLuca
  2/17/2021HouseFirst Reading
  2/17/2021HouseReferred to Rules Committee
  3/9/2021HouseAssigned to Revenue & Finance Committee
  3/18/2021HouseAdded Co-Sponsor Rep. William Davis
  3/18/2021HouseAdded Chief Co-Sponsor Rep. Debbie Meyers-Martin
  3/18/2021HouseAdded Chief Co-Sponsor Rep. Nicholas K. Smith
  3/18/2021HouseTo Property Tax Subcommittee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee