Bill Amendment: IL SB3169 | 2025-2026 | 104th General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: REVENUE-AFFORDABLE HOUSING

Status: 2026-05-22 - Senate Committee Amendment No. 3 Rule 3-9(a) / Re-referred to Assignments [SB3169 Detail]

Download: Illinois-2025-SB3169-Senate_Amendment_003.html

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Sen. Graciela Guzm�n

Filed: 4/29/2026

 

 

 

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AMENDMENT TO SENATE BILL 3169
AMENDMENT NO. ______. Amend Senate Bill 3169 by replacing
everything after the enacting clause with the following:
"Section 1. Short title. This Act may be cited as the
Short-Term Rental Excise Tax Act.
Section 5. Definitions. As used in this Act:
"Department" means the Department of Revenue.
"Hosting platform" means a person who provides an online
application, software, website, or system through which a
short-term rental located in this State is advertised or held
out to the public as available to rent for occupancy.
"Net revenue realized" means the revenue collected by the
State under this Act, less the amount paid out as discounts
under Section 40 and refunds to short-term rental operators
for overpayment of liability under this Act.
"Occupancy" means the use or possession, or the right to

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the use or possession, of any short-term rental for any
purpose or the right to the use or possession of the
furnishings or to the services and accommodations accompanying
the use and possession of the short-term rental.
"Person" means any natural individual, firm, partnership,
association, joint stock company, joint venture, public or
private corporation, or limited liability company or any
receiver, executor, trustee, guardian, or other representative
appointed by order of any court.
"Renter" means the lessee or tenant of a short-term
rental.
"Rental price" means the gross amount of consideration for
the occupancy of a short-term rental, valued in money, whether
received in money or otherwise, including all receipts, cash,
credits, and property or services of any kind or nature.
"Rental price" includes any fee, charge, or commission
received from a guest by a re-renter of short-term rentals
specifically in connection with the re-rental of short-term
rentals.
"Re-renter of short-term rentals" means a person who is
not employed by the short-term rental operator but who, either
directly or indirectly, through agreements or arrangements
with third-parties, collects or processes the payment of rent
for a short-term rental located in this State and (i) obtains
the right or authority to grant control of, access to, or
occupancy of a short-term rental in this State to a renter of

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the short-term rental or (ii) facilitates the booking of a
short-term rental in this State.
"Short-term rental" means an owner-occupied,
tenant-occupied, or non-owner-occupied dwelling, including,
but not limited to, an apartment, house, cottage, or
condominium, located in this State, where: (i) at least one
room in the dwelling is rented to an occupant for a period of
less than 30 consecutive days; and (ii) all accommodations are
reserved in advance; provided, however, that a dwelling shall
be considered a single room if rented as such.
"Short-term rental marketplace" means a physical or
electronic place, forum, platform, application, or other
method by which short-term rental operators rent, lease, or
let, or offer to rent, lease, or let, short-term rentals.
"Short-term rental marketplace facilitator" means a person
who, pursuant to agreements with unrelated third-party
short-term rental operators, directly or indirectly through
one or more affiliates, facilitates the renting, leasing, or
letting of short-term rentals by unrelated third-party
short-term rental operators by:
(1) listing or advertising short-term rentals for
rent, lease, or letting by short-term rental operators in
a short-term rental marketplace, the renting, leasing, or
letting of which is subject to tax under this Act; and
(2) collecting, either directly or indirectly, through
agreements or arrangements with third parties, payment

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from renters and transmitting those payments to the
short-term rental operator, regardless of whether the
short-term rental marketplace facilitator receives
compensation or other consideration in exchange for its
services.
"Short-term rental marketplace facilitator" includes
re-renters of short-term rentals and hosting platforms that
otherwise meet the definition of "short-term rental
marketplace facilitator" set forth in this Section.
"Short-term rental operator" means any person engaged in
the business of renting, leasing, or letting a short-term
rental, including any person who rents, leases, or lets
short-term rentals through a short-term rental marketplace
operated by an unrelated third-party short-term rental
marketplace facilitator.
Section 10. Rate; exemptions.
(a) On and after January 1, 2027, a tax is imposed upon
each renter for the privilege of renting, leasing, or letting
a short-term rental in this State at the rate of 4% of the
rental price of that short-term rental. The rental price shall
not include taxes or charges that are added on account of the
liability arising from this tax or any tax imposed by the State
or any governmental agency on the occupation of renting,
leasing, or letting or on the privilege of using short-term
rentals or hotels, as defined in Section 2 of the Hotel

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Operators' Occupation Tax Act. The tax imposed under this Act
shall be in addition to all other occupation or privilege
taxes imposed by the State of Illinois or by any municipal
corporation or political subdivision thereof.
(b) The tax imposed by this Act shall be collected from the
renter by the short-term rental operator and shall be remitted
to the Department as provided in Section 40. Short-term rental
operators shall collect the tax from the renter by adding the
tax to the charge for the act or privilege of renting, leasing,
or letting a short-term rental in this State. The tax imposed
by this Act shall, when collected, be stated as a distinct item
separate and apart from the gross charge for renting, leasing,
or letting a short-term rental. The tax imposed by this Act
shall constitute a debt of the renter to the short-term rental
operator who provides such taxable services until paid and, if
unpaid, is recoverable at law in the same manner as the
original charge for such taxable services. If the renting,
leasing, or letting of a short-term rental is done through a
short-term rental marketplace facilitator that has met the tax
remittance threshold set forth in Section 15 of this Act, then
the short-term rental marketplace facilitator is the
short-term rental operator for the purposes of the taxes under
this Act.
(c) The tax under this Act is not imposed upon the
privilege of engaging in any business in interstate commerce
or otherwise, which business may not, under the Constitution

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and statutes of the United States or under any federal treaty,
be made the subject of taxation by this State.
(d) The tax imposed by this Act does not apply to the
renting, leasing, or letting of short-term rentals by an
entity that is organized and operated exclusively for
religious purposes and that possesses an active Exemption
Identification Number issued by the Department pursuant to the
Retailers' Occupation Tax Act if the renting, leasing, or
letting is in furtherance of the purposes for which the exempt
organization is organized. This subsection (d) is exempt from
Section 20 of this Act.
(e) The tax imposed by this Act does not apply to the
renting, leasing, or letting of short-term rentals by an
entity that is organized and operated exclusively by an
organization chartered by the United States Congress for the
purpose of providing disaster relief and that possesses an
active Exemption Identification Number issued by the
Department pursuant to the Retailers' Occupation Tax Act if
the renting, leasing, or letting is in furtherance of the
purposes for which the exempt organization is organized. This
subsection (e) is exempt from Section 20 of this Act.
(f) If any short-term rental operator collects an amount,
however designated, that purports to be for the renter's tax
liability measured by rental charges that are not subject to
the short-term rental excise tax under this Act, or if any
short-term rental operator, in collecting an amount, however

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designated, that purports to be for the renter's tax liability
measured by rental charges which are subject to the short-term
rental excise tax under this Act, collects more from the
renter than the renter's short-term rental excise tax
liability for the transaction is, the renter shall have a
legal right to claim a refund of that amount from the
short-term rental operator. If that amount is not refunded to
the renter, for any reason, the short-term rental operator is
liable to pay that amount to the Department.
Section 15. Short-term rental marketplace facilitators.
(a) A short-term rental marketplace facilitator meets the
tax remittance threshold for purposes of this Act if, during
the previous 12-month period, the cumulative gross rental
receipts received by the short-term rental marketplace
facilitator from the renting, leasing, or letting of
short-term rentals on the facilitator's own behalf or on
behalf of short-term rental operators, not including rental
receipts exempt from the tax under subsections (d) and (e) of
Section 10 of this Act, are greater than or equal to $100,000.
A short-term rental marketplace facilitator who meets the tax
remittance threshold and rents, leases, or lets Illinois
short-term rentals to renters is subject to all applicable
procedures and requirements of this Act.
A short-term rental marketplace facilitator shall
determine on a quarterly basis, ending on the last day of

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March, June, September, and December, whether it meets the tax
remittance threshold in this Section for the preceding
12-month period. If the short-term rental marketplace
facilitator meets the tax remittance threshold for a 12-month
period, it is required to collect and remit the tax imposed
under this Act and to file all applicable returns for one year.
At the end of that one-year period, the short-term rental
marketplace facilitator shall determine whether it met the tax
remittance threshold for the preceding 12-month period. If the
short-term rental marketplace facilitator met the tax
remittance threshold for the preceding 12-month period, it is
required to continue to collect and remit the tax imposed
under this Act and file returns for the subsequent year. If, at
the end of a one-year period, a short-term rental marketplace
facilitator that was required to collect and remit the tax
imposed under this Act determines that it did not meet the tax
remittance threshold during the preceding 12-month period, the
short-term rental marketplace facilitator shall subsequently
determine on a quarterly basis, ending on the last day of
March, June, September, and December, whether it meets the tax
remittance threshold for the preceding 12-month period.
A short-term rental marketplace facilitator that meets the
tax remittance threshold shall be entitled to any credits,
deductions, or adjustments to rental receipts otherwise
provided to the short-term rental operator, in addition to any
adjustments provided directly to the short-term rental

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marketplace facilitator, including, but not limited to,
adjustments such as discounts, coupons, and rebates. In
addition, a short-term rental marketplace facilitator is
entitled to the discount provided in Section 40 of this Act on
all short-term rental marketplace rentals, leases, or
lettings, and the short-term rental operator shall not include
rentals, leases, or lettings made through such a short-term
rental marketplace facilitator when computing any discount on
remaining rentals, leases, or lettings. Short-term rental
marketplace facilitators shall report and remit the applicable
taxes under this Act on leases, rentals, or lettings
facilitated for short-term rental operators separately from
any taxes under this Act on taxable rentals, leases, or
lettings made directly by the short-term rental marketplace
facilitator or its affiliates.
The short-term rental marketplace facilitator that meets
the tax remittance threshold is liable for the remittance of
all applicable taxes under this Act on rentals, leases, or
lettings made through the short-term rental marketplace and is
subject to audit on all of those rentals, leases, or lettings.
The Department shall not audit short-term rental operators for
their short-term rental marketplace rentals, leases, or
lettings if the short-term rental marketplace facilitator
remitted the applicable taxes under this Act unless the
short-term rental marketplace facilitator seeks relief as a
result of incorrect information provided to the short-term

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rental marketplace facilitator by a short-term rental operator
as set forth in this Section. The short-term rental
marketplace facilitator shall not be held liable for tax on
any rentals, leases, or lettings made by a short-term rental
operator that take place outside of the short-term rental
marketplace and that are not a part of any agreement between a
short-term rental marketplace facilitator and a short-term
rental operator. In addition, short-term rental marketplace
facilitators shall not be held liable to the State of Illinois
for having charged and remitted an incorrect amount of tax
under this Act if, at the time of the rentals, leases, or
lettings, the tax is computed based on erroneous data provided
by the State on tax rates, boundaries, or taxing jurisdictions
or incorrect information provided to the short-term rental
marketplace facilitator by the short-term rental operator.
(b) A short-term rental marketplace facilitator that meets
the tax remittance threshold shall:
(1) provide notice to each short-term rental operator
at the time of the agreement between the short-term rental
marketplace facilitator and short-term rental operator
that the short-term rental marketplace facilitator assumes
the rights and duties of a short-term rental operator
under this Act with respect to rentals, leases, or
lettings made by the short-term rental operator through
the short-term rental marketplace;
(2) certify, upon request, to the short-term rental

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operator that the short-term rental marketplace
facilitator assumes the rights and duties of a short-term
rental operator under this Act with respect to rentals,
leases, or lettings made by the short-term rental operator
through the short-term rental marketplace; and
(3) collect and remit taxes imposed by this Act as
required by this Act for all rentals, leases, and lettings
made through the short-term rental marketplace.
(c) For any rentals, leases, and lettings made through a
short-term rental marketplace involving 2 or more parties that
meet the definition of short-term rental marketplace
facilitator, nothing in this Act shall prohibit those parties
from making an agreement regarding which party shall be
responsible for collecting and remitting taxes imposed by this
Act, so long as the party so responsible is registered with the
State for the purposes of remitting the taxes imposed by this
Act. If the parties enter into an agreement described in this
subsection, the party that agrees to collect and remit the
taxes imposed by this Act shall be the sole party liable for
the taxes imposed by this Act, and the other parties to the
agreement are not liable for the tax. Any party subject to such
an agreement must keep a copy of the agreement in its books and
records and provide a copy to the Department upon request.
(d) A short-term rental marketplace facilitator is subject
to audit on all short-term rental marketplace rentals, leases,
and lettings for which it is the short-term rental operator

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but shall not be liable for tax or subject to audit on rentals,
leases, or lettings made by short-term rental marketplace
operators outside of the short-term rental marketplace.
(e) Nothing in this Act shall allow the Department to
collect short-term rental excise taxes from both the
short-term rental marketplace facilitator and the short-term
rental operator on the same transaction.
Section 20. Sunset of exemptions, credits, and deductions.
The application of every exemption, credit, and deduction
against the tax imposed by this Act shall be limited by a
reasonable and appropriate sunset date. A taxpayer is not
entitled to tax the exemption, credit, or deduction beginning
on the sunset date and thereafter. If a reasonable and
appropriate sunset date is not specified in the Public Act
that creates the exemption, credit, or deduction, a taxpayer
shall not be entitled to take the exemption, credit, or
deduction beginning 5 years after the effective date of the
Public Act creating the exemption, credit, or deduction and
thereafter.
Section 25. Books and records. Every short-term rental
operator, every short-term rental marketplace facilitator that
is required to collect and remit the tax under this Act, and
every renter making direct tax payments to the Department
under this Act, shall keep separate books or records of his

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business as a short-term rental operator or short-term rental
marketplace facilitator so as to show the rents and
occupancies taxable under this Act separately from his
transactions that are not taxable under this Act. A short-term
rental operator's books and records shall also include
certificates provided by the short-term rental marketplace
facilitator under paragraph (2) of subsection (b) of Section
15 of this Act for all rentals, leases, and lettings made
through a short-term rental marketplace in accordance with the
requirements of this Act. If any short-term rental operator or
short-term rental marketplace facilitator fails to keep such
separate books or records, that short-term rental operator or
short-term rental marketplace facilitator shall be liable for
the tax at the rate designated in Section 10 of this Act upon
the entire proceeds from the short-term rental operator's or
short-term rental marketplace facilitator's business. The
Department may adopt rules that establish requirements,
including record forms and formats, for records required to be
kept and maintained by short-term rental operators and
short-term rental marketplace facilitators. For purposes of
this Section, "records" means all data maintained by the
short-term rental operator or short-term rental marketplace
facilitator, including data on paper, microfilm, microfiche or
any type of machine-sensible data compilation.
Section 30. Certificate of registration. It shall be

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unlawful for any person to engage in business as a short-term
rental operator in this State without a certificate of
registration from the Department. A certificate of
registration issued to the short-term rental operator under
the Hotel Operators' Occupation Tax Act shall enable the
person to engage in business as a short-term rental operator
under this Act without the necessity of registering
separately.
All of the provisions of Sections 2a and 2b of the
Retailers' Occupation Tax Act, in effect on the effective date
of this Act, as subsequently amended, shall apply to
short-term rental operators to the same extent as if those
provisions were included in this Act.
Section 35. Tax collected as debt owed to State. Any
short-term rental operator required to collect the tax imposed
by this Act shall be liable to the Department for the tax,
whether or not the tax has been collected by the short-term
rental operator, and any such tax shall constitute a debt owed
by the short-term rental operator to this State. To the extent
that a short-term rental operator required to collect the tax
imposed by this Act has actually collected that tax, the tax is
held in trust for the benefit of the Department.
Section 40. Returns. Except as otherwise provided in this
Section, on or before the last day of each calendar month,

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every person engaged in business as a short-term rental
operator in this State during the preceding calendar month
shall file a return with the Department, stating:
(1) the name of the short-term rental operator;
(2) the short-term rental operator's residence
address, the address of the short-term rental operator's
principal place of business, and the address of the
principal place of business (if that is a different
address) from which the short-term rental operator engages
in business as a short-term rental operator in this State
(including, if required by the Department, the address of
each short-term rental from which rental receipts were
received);
(3) the total amount of short-term rental receipts
received by the short-term rental operator during the
preceding calendar month;
(4) the total amount of exclusions from the short-term
rental excise tax allowed by this Act;
(5) the total amount of short-term rental excise tax
collected during the preceding calendar month from
renting, leasing, or letting short-term rentals during
such preceding calendar month;
(6) the amount of tax due; and
(7) such other reasonable information as the
Department may require.
If the short-term rental operator's average monthly tax

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collected and due to the Department does not exceed $200, the
Department may authorize the short-term rental operator's
returns to be filed on a quarter annual basis, with the return
for January, February and March of a given year being due by
April 30 of such year; with the return for April, May and June
of a given year being due by July 31 of such year; with the
return for July, August and September of a given year being due
by October 31 of such year, and with the return for October,
November and December of a given year being due by January 31
of the following year.
If the short-term rental operator's average monthly tax
collected and due to the Department does not exceed $50, the
Department may authorize the short-term rental operator's
returns to be filed on an annual basis, with the return for a
given year being due by January 31 of the following year.
Such quarter annual and annual returns, as to form and
substance, shall be subject to the same requirements as
monthly returns.
Notwithstanding any other provision in this Act concerning
the time within which a short-term rental operator may file
the short-term rental operator's return, in the case of any
short-term rental operator who ceases to engage in a kind of
business that makes the short-term rental operator responsible
for filing returns under this Act, such short-term rental
operator shall file a final return under this Act with the
Department not more than one month after discontinuing such

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business.
Where the same person has more than one business
registered with the Department under separate registrations
under this Act, such person shall not file each return that is
due as a single return covering all such registered
businesses, but shall file separate returns for each such
registered business.
In the return, the short-term rental operator shall
determine the value of any consideration other than money
received by him in connection with engaging in business as a
short-term rental operator and the short-term rental operator
shall include such value in the short-term rental operator's
return. Such determination shall be subject to review and
revision by the Department in the manner provided for the
correction of returns.
Where the short-term rental operator is a corporation, the
return filed on behalf of such corporation shall be signed by
the president, vice-president, secretary or treasurer or by
the properly accredited agent of such corporation.
The person filing the return shall, at the time of filing
the return, pay to the Department the amount of tax imposed and
collected under this Act. The short-term rental operator
filing the return shall, at the time of filing, pay to the
Department the amount of tax collected under this Act less a
discount of 2.1% or $25 per calendar year, whichever is
greater, which is allowed to reimburse the short-term rental

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operator for the expenses incurred in keeping records,
preparing and filing returns, remitting the tax and supplying
data to the Department on request.
If any payment provided for in this Section exceeds the
short-term rental operator's liabilities under this Act, as
shown on an original return, the Department may authorize the
short-term rental operator to credit such excess payment
against liability subsequently to be remitted to the
Department under this Act, in accordance with reasonable rules
adopted by the Department. If the Department subsequently
determines that all or any part of the credit taken was not
actually due to the short-term rental operator, the short-term
rental operator's discount shall be reduced by an amount equal
to the difference between the discount as applied to the
credit taken and that actually due, and that short-term rental
operator shall be liable for penalties and interest on such
difference.
If a short-term rental marketplace facilitator is required
to collect and remit the tax under this Act, the provisions of
this Section apply to the short-term rental marketplace
facilitator as if the short-term rental marketplace
facilitator had been the short-term rental operator.
Section 45. Incorporation of Retailers' Occupation Tax Act
and Uniform Penalty and Interest Act. All of the provisions of
Sections 4, 5, 5a, 5b, 5c, 5d, 5e, 5f, 5g, 5i, 5j, 6, 6a, 6b,

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6c, 7, 8, 9, 10, 11 and 12 of the Retailers' Occupation Tax Act
and Section 3-7 of the Uniform Penalty and Interest Act that
are not inconsistent with this Act shall apply to the renting,
leasing, or letting of short-term rentals in this State to the
same extent as if such provisions were included in this Act.
References in those incorporated Sections of the Retailers'
Occupation Tax Act to retailers, sellers, or persons engaged
in the business of selling tangible personal property mean
short-term rental operators. References in those incorporated
Sections of the Retailers' Occupation Tax Act to purchasers of
tangible personal property mean renters of short-term rentals.
References in those incorporated Sections of the Retailers'
Occupation Tax Act to sales of tangible personal property mean
the act or privilege of renting, leasing, or letting
short-term rentals as defined in this Act.
Section 50. Allocation of proceeds. All of the net revenue
realized from the tax imposed under this Act for the preceding
month shall be deposited each month into the Community Land
Trust Fund.
Section 55. Tax paid by renter. If a renter does not pay
the tax imposed by this Act to a short-term rental operator or
short-term rental marketplace facilitator, that renter shall
file a return with the Department and pay the tax upon that
portion of gross charges so paid to the short-term rental

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operator during the preceding calendar month no later than the
last day of the month following that month. Those returns
shall be filed on a form prescribed by the Department and shall
contain such information as the Department may reasonably
require.
If a renter pays a tax imposed by this Act directly to the
Department, the Department (upon request from the renter)
shall issue an appropriate receipt to the renter showing that
the renter has paid the tax to the Department. That receipt
shall be sufficient to relieve the renter from further
liability for the amount of tax to which such receipt may
refer.
If it appears that an amount of tax or penalty or interest
under this Act has been paid in error to the Department by a
renter, as distinguished from the short-term rental operator
or short-term rental marketplace facilitator, whether such
amount be paid through a mistake of fact or an error of law,
that renter may file a claim for credit or refund with the
Department.
Section 60. Penalties. Any short-term rental operator,
short-term rental marketplace facilitator, or renter who fails
to make a return, or who makes a fraudulent return, or who
willingly violates any other provision of this Act or any rule
or regulation of the Department for the administration and
enforcement of this Act, is guilty of a Class 4 felony.

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Section 65. Rulemaking. The Department shall adopt rules
to implement and administer this Act. The Department may adopt
rules in accordance with the Illinois Administrative Procedure
Act and prescribe forms relating to the administration and
enforcement of this Article as it deems appropriate.
Section 70. Illinois Administrative Procedure Act adopted.
The Illinois Administrative Procedure Act is hereby expressly
adopted and shall apply to all administrative rules and
procedures of the Department of Revenue under this Act, except
that: (1) paragraph (b) of Section 501 of the Illinois
Administrative Procedure Act does not apply to final orders,
decisions and opinions of the Department; (2) subparagraph
(a)2 of Section 5-10 of the Illinois Administrative Procedure
Act does not apply to forms established by the Department for
use under this Act; and (3) the provisions of Section 10-45 of
the Illinois Administrative Procedure Act regarding proposals
for decisions are excluded and not applicable to the
Department under this Act to the extent Section 10-45 applies
to hearings not otherwise subject to the Illinois Independent
Tax Tribunal Act of 2012.
Section 900. The Illinois Housing Development Act is
amended by adding Section 32.5 as follows:

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(20 ILCS 3805/32.5 new)
Sec. 32.5. Community land trust program support. The
Authority shall ensure that program staff have expertise in
the community land trust model and shall implement procedures
that remove barriers to the timely and effective execution of
approved community land trust projects.
Section 905. The State Finance Act is amended by adding
Sections 5.1038 and 6z-149 as follows:
(30 ILCS 105/5.1038 new)
Sec. 5.1038. The Community Land Trust Fund.
(30 ILCS 105/6z-149 new)
Sec. 6z-149. The Community Land Trust Fund; creation. The
Community Land Trust Fund is created as a special fund in the
State treasury. The Fund may accept moneys from any lawful
source. Any interest earned on moneys in the Fund shall be
deposited into the Fund. Moneys in the Fund shall be used by
the Illinois Housing Development Authority for development,
staffing, and capacity building and technical assistance
related to community land trusts in the State. As used in this
Section, "community land trust" has the meaning given to that
term in the Community Land Trust Home Ownership Act.
Section 910. The Property Tax Code is amended by adding

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Section 15-77 as follows:
(35 ILCS 200/15-77 new)
Sec. 15-77. Community land trusts. Beginning in taxable
year 2027, property that is owned by a non-profit community
land trust, as defined in the Community Land Trust Home
Ownership Act, and that is used exclusively for the creation
and maintenance of permanently affordable owner occupied
single-family or multifamily residences is exempt beginning
with the taxable year in which the property is acquired by the
community land trust and continuing through the taxable year
in which the property is sold to a homeowner.
Section 920. The Community Land Trust Home Ownership Act
is amended by changing Section 15 as follows:
(310 ILCS 130/15)
Sec. 15. Definitions. As used in this Act:
"501(c)(3) organization" means a nonprofit organization
that is exempt or qualified for exemption from taxation under
Section 501(c)(3) of the Internal Revenue Code of 1986.
"Community land trust" means a 501(c)(3) organization that
has as its primary purposes the creation and maintenance of
permanently affordable single-family or multifamily residences
subject to all of the following criteria:
(1) All single-family residences or multifamily

10400SB3169sam003 - 24 - LRB104 20474 HLH 37188 a
residences located on the land owned by the 501(c)(3)
organization or its wholly owned subsidiary must be
either:
(A) sold to a buyer who is qualified under the
community land trust's program rules and occupied as
the qualified buyer's primary residence; or
(B) rented to a person or persons whose household
income does not exceed the maximum allowable gross
household income, as determined by the community land
trust, for that dwelling or unit.
(2) Land that is owned by the 501(c)(3) organization
and that contains a single-family residence or multifamily
residence that is sold to a qualified buyer described in
subparagraph (A) of paragraph (1) shall be leased to the
qualified buyer for the buyer's convenient occupation and
use, subject to a ground lease with affordability
restrictions, for a renewable term of 99 years for the
purpose of maintaining dwellings or units that are
permanently affordable.
(3) In the case of dwellings or units that are part of
a condominium, cooperative, or other common interest
development and that are located on land that is owned by a
homeowners' association or a person other than the
community land trust, the condominium unit or interest
owned by the community land trust shall be sold to a
qualified buyer for the buyer's convenient occupation and

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use, subject to a deed restriction or affordability
covenant that incorporates affordability restrictions for
a renewable term of at least 99 years and that is recorded
against the unit or interest for the purpose of
maintaining dwellings or units that are permanently
affordable. governed by a board of community land trusts
residents, community residents, and public representatives
that provide permanent or long-term affordability and
shared equity homeownership opportunities.
(Source: P.A. 104-370, eff. 8-15-25.)
Section 999. Effective date. This Act takes effect upon
becoming law.".