Illinois Senate Bill 2297 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 26 2021 - 25% progression, died in committee
Action: 2021-05-21 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Reinserts the provisions of the introduced bill. Makes changes concerning the valuation of low-income housing projects with 6 units or less to provide that the assessment officer, prior to finalizing and certifying assessments to the Board of Review, shall reassess the building considering the actual or projected net operating income attributable to the property, capitalized at rates for similarly encumbered Section 42 properties. Provides that the assessment provisions of the introduced bill apply during a general reassessment year or at such other time that a property is reassessed.

PROP TX-LOW INCOME HOUSING

Sen. Ann Gillespie [D]

Date	Chamber	Action
2021-05-21	Senate	Rule 3-9(a) / Re-referred to Assignments
2021-05-07	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 21, 2021
2021-04-30	Senate	Rule 2-10 Third Reading Deadline Established As May 7, 2021
2021-04-23	Senate	Rule 2-10 Third Reading Deadline Established As April 30, 2021
2021-04-20	Senate	Placed on Calendar Order of 3rd Reading April 21, 2021
2021-04-20	Senate	Second Reading
2021-04-15	Senate	Placed on Calendar Order of 2nd Reading April 20, 2021
2021-04-15	Senate	Do Pass as Amended Revenue; 009-000-000
2021-04-14	Senate	Senate Committee Amendment No. 1 Adopted
2021-04-07	Senate	Senate Committee Amendment No. 1 Assignments Refers to Revenue
2021-03-25	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2021-03-25	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ann Gillespie
2021-03-23	Senate	Assigned to Revenue
2021-02-26	Senate	Referred to Assignments
2021-02-26	Senate	First Reading
2021-02-26	Senate	Filed with Secretary by Sen. Ann Gillespie

Chapter	Article	Section	Citation Type	Statute Text
35	200	10-260	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2297&GAID=16&DocTypeID=SB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/SB/10200SB2297.htm
Amendment	https://www.ilga.gov/legislation/102/SB/10200SB2297sam001.htm