IL HB5434 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 28 2022 - 25% progression, died in committee
Action: 2022-01-31 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 28 2022 - 25% progression, died in committee
Action: 2022-01-31 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Creates an income tax credit for qualified landlords. Provides that the term "qualified landlord" means an individual, partnership, trust, or corporation that incurred rental income losses from residential rental property as a result of the COVID-19 eviction moratorium and (1) owns fewer than 7 residential rental units in the State; or (2) actively maintains at least 25% of its rental units as affordable housing. Effective immediately.
Title
INC TX-LANDLORD CREDIT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-31 | House | Referred to Rules Committee |
| 2022-01-31 | House | First Reading |
| 2022-01-28 | House | Filed with the Clerk by Rep. Deanne M. Mazzochi |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5434&GAID=16&DocTypeID=HB&SessionID=110&GA=102 |
| Text | https://www.ilga.gov/legislation/102/HB/10200HB5434.htm |
