Illinois House Bill 5275 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Democrat 13-1)
Status: Introduced on February 14 2020 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides for a reduction in the 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. Sets forth application requirements and the amount of the reduction. Effective immediately.

PROP TX-RENTAL HOUSING

Rep. Emanuel Welch [D]	Rep. Michael Zalewski [D]	Rep. Delia Ramirez [D]	Rep. Theresa Mah [D]
Rep. Arthur Turner [D]	Sen. Diane Pappas [D]	Rep. Michelle Mussman [D]	Rep. Jaime Andrade [D]
Rep. Ann Williams [D]	Rep. Justin Slaughter [D]	Rep. Jennifer Gong-Gershowitz [D]	Rep. Deborah Conroy [D]
Rep. Margo McDermed [R]	Rep. Curtis Tarver [D]

Date	Chamber	Action
2020-06-23	House	Rule 19(b) / Re-referred to Rules Committee
2020-06-02	House	Added Co-Sponsor Rep. Curtis J. Tarver, II
2020-03-12	House	Assigned to Revenue & Finance Committee
2020-03-05	House	Added Co-Sponsor Rep. Margo McDermed
2020-03-05	House	Added Co-Sponsor Rep. Deb Conroy
2020-03-05	House	Added Co-Sponsor Rep. Jennifer Gong-Gershowitz
2020-03-05	House	Added Co-Sponsor Rep. Justin Slaughter
2020-03-05	House	Added Chief Co-Sponsor Rep. Arthur Turner
2020-03-05	House	Added Co-Sponsor Rep. Ann M. Williams
2020-03-05	House	Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
2020-03-05	House	Added Co-Sponsor Rep. Michelle Mussman
2020-03-05	House	Added Co-Sponsor Rep. Diane Pappas
2020-02-27	House	Added Chief Co-Sponsor Rep. Theresa Mah
2020-02-27	House	Added Chief Co-Sponsor Rep. Delia C. Ramirez
2020-02-26	House	Added Chief Co-Sponsor Rep. Michael J. Zalewski
2020-02-18	House	Referred to Rules Committee
2020-02-18	House	First Reading
2020-02-14	House	Filed with the Clerk by Rep. Emanuel Chris Welch

Chapter	Article	Section	Citation Type	Statute Text
35	200	15-178	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5275&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB5275.htm