Illinois House Bill 4132

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 7 2023 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. In a Section regarding property tax exemptions for charitable purposes, provides that property held by a charitable organization for the purpose of constructing or rehabilitating residences for eventual transfer to qualified low-income families through sale, lease, or contract for deed is exempt from property tax as a charitable purpose. Provides that the exemption commences on the day title to the property is transferred to the organization and continues to the end of the levy year in which the organization transfers title to the property to a qualified low-income family. Effective immediately.

PROP TAX-CHARITABLE REHAB

Rep. Maurice West [D]

Date	Chamber	Action
2024-04-05	House	Rule 19(a) / Re-referred to Rules Committee
2024-03-08	House	To Revenue - Property Tax Subcommittee
2024-02-29	House	Assigned to Revenue & Finance Committee
2023-10-18	House	Referred to Rules Committee
2023-10-18	House	First Reading
2023-09-07	House	Filed with the Clerk by Rep. Maurice A. West, II

Chapter	Article	Section	Citation Type	Statute Text
35	200	15-65	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4132&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB4132.htm