Litesa E. Wallace
- Democratic
Primary
Amends the Property Tax Code. Provides that a taxing district may grant an abatement for property that contains an expanded business facility. Defines "expanded business facility" to include a requirement that the business must create a certain number of new employment positions at the facility. Contains provisions allowing for an enhanced abatement for certain facilities. Amends the Illinois Income Tax Act to create a credit equal to a percentage of the remaining tax liability for the property. Effective immediately.
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Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
To Property Tax Subcommittee
Assigned to Revenue & Finance Committee
Filed with the Clerk by Rep. Litesa E. Wallace
Referred to Rules Committee
First Reading
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