Bill Sponsors: IL HB5275 | 2019-2020 | 101st General Assembly
Bill Title: 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.
Spectrum: Strong Partisan Bill (Democrat 13-1)
Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB5275 Detail]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Strong Partisan Bill (Democrat 13-1)
Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB5275 Detail]
Text: Latest bill text (Introduced) [HTML]
Sponsors
Name | Type | Sponsorship | District | Financial | Encyclopedia | Biography |
---|---|---|---|---|---|---|
Representative Emanuel Welch [D] | Primary | Sponsored Bills | HD-007 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Michael Zalewski [D] | Cosponsor | Sponsored Bills | HD-023 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Delia Ramirez [D] | Cosponsor | Sponsored Bills | HD-004 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Theresa Mah [D] | Cosponsor | Sponsored Bills | HD-024 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Arthur Turner [D] | Cosponsor | Sponsored Bills | HD-009 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Diane Pappas [D] | Cosponsor | Sponsored Bills | SD-023 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Michelle Mussman [D] | Cosponsor | Sponsored Bills | HD-056 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Jaime Andrade [D] | Cosponsor | Sponsored Bills | HD-040 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Ann Williams [D] | Cosponsor | Sponsored Bills | HD-011 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Justin Slaughter [D] | Cosponsor | Sponsored Bills | HD-027 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Jennifer Gong-Gershowitz [D] | Cosponsor | Sponsored Bills | HD-017 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Deborah Conroy [D] | Cosponsor | Sponsored Bills | HD-046 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Margo McDermed [R] | Cosponsor | Sponsored Bills | HD-037 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Curtis Tarver [D] | Cosponsor | Sponsored Bills | HD-025 | FollowTheMoney | Ballotpedia | VoteSmart |