Bill Title: Amends the Property Tax Code. Provides that the abatement for property located in an area of urban decay also applies to newly remodeled single-family or duplex residential dwelling units (currently, only newly constructed single-family or duplex dwelling units). Provides that provisions requiring the abatement to be reduced in 20% increments annually during the last 4 years of the abatement period apply only to abatements granted prior to the effective date. Effective immediately.
Sponsorship: Partisan Bill (Republican 1)
Status: (Failed) 2025-01-07 - Session Sine Die
[SB1237 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Introduced | 2023-02-02 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|
| No bill amendments currently on file for Illinois SB1237 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois SB1237 currently on file. |
