Illinois Senate Bill 2259 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides for property tax incentives for newly-constructed or rehabilitated rental property if the owner of the residential real property commits that, for a period of 10 years, at least 20% 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.

PROP TX-AFFORDABLE HOUSING

Sen. Don Harmon [D]

Sen. Laura Fine [D]

Date	Chamber	Action
2021-01-13	Senate	Session Sine Die
2020-02-28	Senate	Added as Co-Sponsor Sen. Laura Fine
2020-01-20	Senate	Chief Sponsor Changed to Sen. Don Harmon
2019-05-23	Senate	Referred to Assignments
2019-05-23	Senate	First Reading
2019-05-23	Senate	Filed with Secretary by Sen. John J. Cullerton

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=2259&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB2259.htm