HB 5540 Illinois House · 103rd Regular Session

PROP TX-CHARITABLE EXEMPTION

Summary
Amends the Property Tax Code. In provisions concerning charitable exemptions granted to limited liability companies, removes a requirement that the limited liability company must be a disregarded entity for federal and Illinois income tax purposes. Effective immediately.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 9, 2024 Last action Feb 9, 2024
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Full legislative history

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Total actions
3
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0
Committee
1
Feb 9, 2024
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors

Sponsors

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Legislator
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P
Photo of Anna Moeller
Anna Moeller
DDemocratic
IL
43