HB 575 Illinois House · 102nd 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 failed 1 of 4 stages cleared
Introduction
Feb 2021
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2021 Last action Jan 10, 2023
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Full legislative history

Actions timeline

Total actions
11
Key actions
2
Committee
7
Feb 18, 2022
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 15, 2022
Lower · Passed
To Property Tax Subcommittee
lower
Feb 9, 2022
Committee
Assigned to Revenue & Finance Committee
lower
Mar 27, 2021
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 11, 2021
Lower · Passed
To Property Tax Subcommittee
lower
Mar 2, 2021
Committee
Assigned to Revenue & Finance Committee
lower
Feb 8, 2021
Committee
Referred to Rules Committee
lower
1 primary · 1 co-sponsor

Sponsors