HB 5540

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-Charitable Exemption

Abstract

Amends the Property Tax Code. In provisions concerning charitable exemptions granted to limited liability companies, removes a requirement that the limited liability company must be a disregarded entity for federal and Illinois income tax purposes. Effective immediately.

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Feb 09, 2024

House

Filed with the Clerk by Rep. Anna Moeller

House

First Reading

House

Referred to Rules Committee

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