HB 2120

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tax-Charitable Rehab

Abstract

Amends the Property Tax Code. In a Section regarding property tax exemptions for charitable purposes, provides that property held by a charitable organization for the purpose of constructing or rehabilitating residences for eventual transfer to qualified low-income families through sale, lease, or contract for deed is exempt from property tax as a charitable purpose. Provides that the exemption commences on the day title to the property is transferred to the organization and continues to the end of the levy year in which the organization transfers title to the property to a qualified low-income family. Effective immediately.

Bill Sponsors (7)

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Mar 29, 2019

House

Rule 19(a) / Re-referred to Rules Committee

Feb 28, 2019

House

To Property Tax Subcommittee

Feb 27, 2019

House

Added Co-Sponsor Rep. Diane Pappas

House

Added Co-Sponsor Rep. Kathleen Willis

House

Added Co-Sponsor Rep. LaToya Greenwood

House

Added Co-Sponsor Rep. Sam Yingling

House

Added Co-Sponsor Rep. Rita Mayfield

Feb 19, 2019

House

Assigned to Revenue & Finance Committee

Feb 07, 2019

House

Added Co-Sponsor Rep. Bob Morgan

Feb 06, 2019

House

First Reading

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. Maurice A. West, II

Bill Text

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