HB 805 Illinois House · 102nd Regular Session

PROP TX-RENTAL HOUSING

Summary

Amends the Property Tax Code. Provides for a reduction in the assessed value of newly constructed or rehabilitated rental property if the owner of the residential real property commits that, for a period of 10 years, at least 15% of the multifamily building's units will have rents that are at or below maximum rents and are occupied by households with household incomes at or below maximum income limits. Provides that the chief county assessment officer of a county with 3,000,000 or more inhabitants shall establish such a program. Sets forth application requirements and the amount of the reduction. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2021

Committee Review

Floor Vote

Governor

Introduced Feb 9, 2021 Last action Jan 10, 2023

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 27, 2021

Committee

House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

lower

Mar 27, 2021

Committee

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

lower

Mar 23, 2021

Lower · Passed

House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

lower

Mar 22, 2021

Committee

House Committee Amendment No. 1 Referred to Rules Committee

lower

Mar 22, 2021

Introduced

House Committee Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II

lower

Mar 11, 2021

Lower · Passed

To Property Tax Subcommittee

lower

Mar 2, 2021

Committee

Assigned to Revenue & Finance Committee

lower

Feb 10, 2021

Committee

Referred to Rules Committee

lower

1 primary · 5 co-sponsors