Emanuel Chris Welch
- Democratic
Primary
Amends the Property Tax Code. Provides for property tax incentives for newly-constructed or rehabilitated rental property if the owner of the residential real property commits that, for a period of 10 years, at least 20% of the multifamily building's units will have rents that are at or below maximum rents and are occupied by households with household incomes at or below maximum income limits. Provides that the chief county assessment officer of a county with 3,000,000 or more inhabitants shall establish such a program, and the chief county assessment officer of a county with less than 3,000,000 inhabitants shall establish such a program upon passage of an ordinance by a majority vote of the county board. Sets forth application requirements and the amount of the reduction. Effective immediately.
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House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Rule 19(b) / Re-referred to Rules Committee
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
Added Co-Sponsor Rep. Jonathan "Yoni" Pizer
House Committee Amendment No. 1 Filed with Clerk by Rep. Emanuel Chris Welch
House Committee Amendment No. 1 Referred to Rules Committee
Added Co-Sponsor Rep. William Davis
Assigned to Revenue & Finance Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Emanuel Chris Welch
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Document | Format |
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| House Amendment 001 |
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