Bill Sponsors: IL HB5502 | 2023-2024 | 103rd General Assembly

Bill Title: Amends the Conveyances Act. Provides that a person or entity that purchases existing residential real estate with the purpose of renovation and resale is prohibited from reselling the real estate within 6 months of purchase.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Engrossed) 2024-05-02 - Placed on Calendar Order of 3rd Reading May 7, 2024 [HB5502 Detail]

Text: Latest bill text (Engrossed) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Daniel Didech [D]PrimarySponsored BillsHD-059FollowTheMoneyBallotpediaVoteSmart
Senator Ram Villivalam [D]PrimarySponsored BillsSD-008FollowTheMoneyBallotpediaVoteSmart

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