HB 5542 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.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2024

Committee Review

Floor Vote

Governor

Introduced Feb 9, 2024 Last action Apr 19, 2024

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

45

Key actions

4

Committee

7

Apr 19, 2024

Committee

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

lower

Apr 4, 2024

Lower · Passed

Do Pass / Short Debate Revenue & Finance Committee; 018-000-000

lower

Apr 4, 2024

Lower · Passed

Reported Back To Revenue & Finance Committee;

lower

Apr 4, 2024

Lower · Passed

Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000

lower

Mar 8, 2024

Lower · Passed

To Revenue - Property Tax Subcommittee

lower

Feb 28, 2024

Committee

Assigned to Revenue & Finance Committee

lower

Feb 9, 2024

Committee

Referred to Rules Committee

lower

1 primary · 33 co-sponsors

Sponsors

Role

Legislator

Party

State

District

Tracy Katz Muhl

Diane Blair-Sherlock