HB 2120 Illinois House · 101st Regular Session

PROP TAX-CHARITABLE REHAB

Summary
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 status in committee 1 of 4 stages cleared
Introduction
Feb 2019
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2019 Last action Mar 29, 2019
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
12
Key actions
1
Committee
4
Mar 29, 2019
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 28, 2019
Lower · Passed
To Property Tax Subcommittee
lower
Feb 19, 2019
Committee
Assigned to Revenue & Finance Committee
lower
Feb 6, 2019
Committee
Referred to Rules Committee
lower
0 primary · 7 co-sponsors

Sponsors

No sponsor information available.