IL HB5542 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Moderate Partisan Bill (Democrat 30-4)
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-04-19 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-04-19 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]
Summary
Amends the Property Tax Code. In provisions concerning charitable exemptions granted to limited liability companies, removes a requirement that the limited liability company must be a disregarded entity for federal and Illinois income tax purposes.
Title
PROP TX-CHARITABLE EXEMPTION
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-19 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2024-04-12 | House | Added Co-Sponsor Rep. Michael J. Kelly |
| 2024-04-12 | House | Added Co-Sponsor Rep. Fred Crespo |
| 2024-04-12 | House | Added Co-Sponsor Rep. Sonya M. Harper |
| 2024-04-12 | House | Added Co-Sponsor Rep. Maurice A. West, II |
| 2024-04-12 | House | Added Co-Sponsor Rep. Yolonda Morris |
| 2024-04-12 | House | Added Co-Sponsor Rep. Joyce Mason |
| 2024-04-12 | House | Added Co-Sponsor Rep. Dave Vella |
| 2024-04-12 | House | Added Co-Sponsor Rep. Mary Gill |
| 2024-04-12 | House | Added Co-Sponsor Rep. Kimberly Du Buclet |
| 2024-04-12 | House | Added Co-Sponsor Rep. Diane Blair-Sherlock |
| 2024-04-12 | House | Added Co-Sponsor Rep. Mary Beth Canty |
| 2024-04-12 | House | Added Co-Sponsor Rep. Kevin John Olickal |
| 2024-04-12 | House | Added Co-Sponsor Rep. Lawrence "Larry" Walsh, Jr. |
| 2024-04-12 | House | Added Co-Sponsor Rep. Jennifer Gong-Gershowitz |
| 2024-04-12 | House | Added Co-Sponsor Rep. Curtis J. Tarver, II |
| 2024-04-12 | House | Added Co-Sponsor Rep. Gregg Johnson |
| 2024-04-12 | House | Added Co-Sponsor Rep. Joe C. Sosnowski |
| 2024-04-12 | House | Added Co-Sponsor Rep. Amy Elik |
| 2024-04-12 | House | Added Co-Sponsor Rep. Travis Weaver |
| 2024-04-12 | House | Added Co-Sponsor Rep. Norma Hernandez |
| 2024-04-12 | House | Added Co-Sponsor Rep. Hoan Huynh |
| 2024-04-12 | House | Added Co-Sponsor Rep. Theresa Mah |
| 2024-04-12 | House | Added Co-Sponsor Rep. Justin Slaughter |
| 2024-04-12 | House | Added Co-Sponsor Rep. Cyril Nichols |
| 2024-04-12 | House | Added Co-Sponsor Rep. Jackie Haas |
| 2024-04-12 | House | Added Co-Sponsor Rep. Camille Y. Lilly |
| 2024-04-12 | House | Added Co-Sponsor Rep. Katie Stuart |
| 2024-04-12 | House | Added Co-Sponsor Rep. Robert "Bob" Rita |
| 2024-04-12 | House | Added Co-Sponsor Rep. Kelly M. Cassidy |
| 2024-04-12 | House | Added Co-Sponsor Rep. Will Guzzardi |
| 2024-04-12 | House | Added Co-Sponsor Rep. Maura Hirschauer |
| 2024-04-12 | House | Added Co-Sponsor Rep. Anne Stava-Murray |
| 2024-04-11 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2024-04-11 | House | Second Reading - Short Debate |
| 2024-04-09 | House | Added Co-Sponsor Rep. Emanuel "Chris" Welch |
| 2024-04-04 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2024-04-04 | House | Do Pass / Short Debate Revenue & Finance Committee; 018-000-000 |
| 2024-04-04 | House | Reported Back To Revenue & Finance Committee; |
| 2024-04-04 | House | Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000 |
| 2024-03-08 | House | To Revenue - Property Tax Subcommittee |
| 2024-02-28 | House | Assigned to Revenue & Finance Committee |
| 2024-02-09 | House | Referred to Rules Committee |
| 2024-02-09 | House | First Reading |
| 2024-02-09 | House | Filed with the Clerk by Rep. Tracy Katz Muhl |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 200 | 15-65 | Amended Code | Citation Text |
