IL HB3642 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. In a Section regarding property tax exemptions for charitable purposes, provides that property held by a charitable organization for the purpose of constructing or rehabilitating residences for eventual transfer to qualified low-income families through sale, lease, or contract for deed is exempt from property tax as a charitable purpose. Provides that the exemption commences on the day title to the property is transferred to the organization and continues to the end of the levy year in which the organization transfers title to the property to a qualified low-income family. Effective immediately.

Tracking Information

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Title

PROP TAX-CHARITABLE REHAB

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2017-03-31HouseRule 19(a) / Re-referred to Rules Committee
2017-03-09HouseTo Property Tax Subcommittee
2017-03-08HouseAdded Chief Co-Sponsor Rep. Robert W. Pritchard
2017-03-07HouseAdded Chief Co-Sponsor Rep. Joe Sosnowski
2017-03-02HouseAdded Chief Co-Sponsor Rep. John M. Cabello
2017-03-01HouseAssigned to Revenue & Finance Committee
2017-02-10HouseReferred to Rules Committee
2017-02-10HouseFirst Reading
2017-02-10HouseFiled with the Clerk by Rep. Emily McAsey

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520015-65Amended CodeCitation Text

Illinois State Sources


Bill Comments

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