SB 3243

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

Real Estate Transfer Revenue

Abstract

Amends the Illinois Municipal Code. Provides that a home rule municipality with a population in excess of 1,000,000 may restructure the rates of an existing real estate transfer tax to specified amounts. Provides that if the municipality increases the real estate transfer tax rates as provided in this subsection, then of the entire proceeds received from the real estate transfer tax, 75% shall be dedicated to the city's general budget and 25% shall be dedicated to housing and services to combat homelessness.

Bill Sponsors (13)

Votes


No votes to display

Actions


Feb 18, 2020

Senate

Added as Co-Sponsor Sen. Emil Jones, III

Feb 11, 2020

Senate

First Reading

Senate

Referred to Assignments

Senate

Added as Co-Sponsor Sen. Christopher Belt

Senate

Added as Co-Sponsor Sen. Laura Fine

Senate

Added as Co-Sponsor Sen. Iris Y. Martinez

Senate

Added as Co-Sponsor Sen. Jacqueline Y. Collins

Senate

Filed with Secretary by Sen. Ram Villivalam

Senate

Added as Chief Co-Sponsor Sen. Ann Gillespie

Senate

Added as Co-Sponsor Sen. Antonio Muñoz

Senate

Added as Chief Co-Sponsor Sen. Celina Villanueva

Senate

Added as Chief Co-Sponsor Sen. Mattie Hunter

Senate

Added as Co-Sponsor Sen. Omar Aquino

Senate

Added as Co-Sponsor Sen. Patricia Van Pelt

Senate

Added as Chief Co-Sponsor Sen. Robert Peters

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.