HB 575

  • Illinois House Bill
  • 102nd 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 (2)

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Actions


Jan 10, 2023

House

Session Sine Die

Feb 18, 2022

House

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

Feb 15, 2022

House

To Property Tax Subcommittee

Feb 09, 2022

House

Assigned to Revenue & Finance Committee

Mar 27, 2021

House

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

Mar 11, 2021

House

To Property Tax Subcommittee

Mar 02, 2021

House

Assigned to Revenue & Finance Committee

Feb 26, 2021

House

Added Co-Sponsor Rep. Stephanie A. Kifowit

Feb 08, 2021

House

Referred to Rules Committee

House

First Reading

Feb 03, 2021

House

Filed with the Clerk by Rep. Dave Vella

Bill Text

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Sources

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