IL HB2168 | 2019-2020 | 101st General Assembly

Status

Spectrum: Moderate Partisan Bill (Democrat 8-1)
Status: Introduced on February 6 2019 - 25% progression
Action: 2019-05-24 - Added Co-Sponsor Rep. Camille Y. Lilly
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides for a reduction in the equalized assessed value of newly-constructed or rehabilitated rental property if the owner of the residential real property commits that, for a period of 10 years, at least 15% of the multifamily building's units will have rents that are at or below maximum rents and are occupied by households with household incomes at or below maximum income limits. Provides that the chief county assessment officer of a county with 3,000,000 or more inhabitants shall establish such a program, and the chief county assessment officer of a county with less than 3,000,000 inhabitants shall establish such a program upon passage of an ordinance by a majority vote of the county board. Sets forth application requirements and the amount of the reduction. Effective immediately.

Tracking Information

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Title

PROP TX-RENTAL HOUSING

Sponsors


History

DateChamberAction
2019-05-24HouseAdded Co-Sponsor Rep. Camille Y. Lilly
2019-05-23HouseAdded Co-Sponsor Rep. Diane Pappas
2019-05-09HouseAdded Co-Sponsor Rep. Andrew S. Chesney
2019-04-03HouseAdded Co-Sponsor Rep. Curtis J. Tarver, II
2019-03-29HouseRule 19(a) / Re-referred to Rules Committee
2019-02-28HouseTo Property Tax Subcommittee
2019-02-19HouseAssigned to Revenue & Finance Committee
2019-02-07HouseReferred to Rules Committee
2019-02-07HouseFirst Reading
2019-02-06HouseAdded Chief Co-Sponsor Rep. Marcus C. Evans, Jr.
2019-02-06HouseAdded Chief Co-Sponsor Rep. Ann M. Williams
2019-02-06HouseAdded Chief Co-Sponsor Rep. Arthur Turner
2019-02-06HouseAdded Chief Co-Sponsor Rep. Michael J. Zalewski
2019-02-06HouseFiled with the Clerk by Rep. Sara Feigenholtz

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520015-178New CodeSee Bill Text

Illinois State Sources


Bill Comments

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