Bill Status of HB5540  103rd General Assembly

Short Description:  PROP TX-CHARITABLE EXEMPTION

House Sponsors
Rep. Anna Moeller

Last Action
DateChamber Action
  2/9/2024HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/15-65


Synopsis As Introduced
Amends the Property Tax Code. In provisions concerning charitable exemptions granted to limited liability companies, removes a requirement that the limited liability company must be a disregarded entity for federal and Illinois income tax purposes. Effective immediately.

Actions 
DateChamber Action
  2/9/2024HouseFiled with the Clerk by Rep. Anna Moeller
  2/9/2024HouseFirst Reading
  2/9/2024HouseReferred to Rules Committee