REAL ESTATE TRANSFER TAX
Summary
Amends the Property Tax Code. In provisions concerning a real estate transfer tax, provides that, if the grantee is a private equity firm with more than $10,000,000 in assets on the date of the transfer, then an additional tax of $0.035 per $100 of value is imposed on the privilege of transferring a beneficial interest in real property located in Illinois. Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2023
Committee Review
Floor Vote
Governor
Introduced Feb 15, 2023
Last action Mar 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
4
Mar 10, 2023
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 9, 2023
Lower · Passed
To Revenue - Property Tax Subcommittee
lower
Feb 28, 2023
Committee
Assigned to Revenue & Finance Committee
lower
Feb 15, 2023
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Kevin Olickal
DDemocratic
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