IL HB2655 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides that a taxing district may abate a portion of its taxes on property upon which affordable housing has been or will be constructed in a development mixed with commercial property. The value of the abatement under this paragraph (12) may not exceed $500,000.

Tracking Information

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Title

PROP TX-ABATE MIXED USE

Sponsors


History

DateChamberAction
2019-03-29HouseRule 19(a) / Re-referred to Rules Committee
2019-03-06HouseTo Property Tax Subcommittee
2019-02-26HouseAssigned to Revenue & Finance Committee
2019-02-14HouseReferred to Rules Committee
2019-02-14HouseFirst Reading
2019-02-14HouseFiled with the Clerk by Rep. LaToya Greenwood

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520018-165Amended CodeCitation Text

Illinois State Sources


Bill Comments

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