Illinois House Bill 5071 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 13 2020 - 25% progression, died in committee
Action: 2020-06-23 - House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Pending: House Rules Committee
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

Rep. Emanuel Welch [D]

Rep. William Davis [D]

Rep. Jonathan Pizer [D]

Date	Chamber	Action
2020-06-23	House	House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2020-06-23	House	Rule 19(b) / Re-referred to Rules Committee
2020-05-22	House	Added Co-Sponsor Rep. Jonathan "Yoni" Pizer
2020-05-22	House	House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2020-05-15	House	House Committee Amendment No. 1 Referred to Rules Committee
2020-05-15	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Emanuel Chris Welch
2020-03-12	House	Added Co-Sponsor Rep. William Davis
2020-03-12	House	Assigned to Revenue & Finance Committee
2020-02-18	House	Referred to Rules Committee
2020-02-18	House	First Reading
2020-02-13	House	Filed with the Clerk by Rep. Emanuel Chris Welch

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=5071&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	http://www.ilga.gov/legislation/101/HB/10100HB5071.htm
Amendment	http://www.ilga.gov/legislation/101/HB/10100HB5071ham001.htm