SB 1432 Illinois Senate · 98th Regular Session

TAX EXMPT-LOCAL PROPERTY REHAB

Summary
Amends the Property Tax Code. Provides that property owned by an entity created by county or municipal ordinance for the purpose of acquiring troubled property and returning it to productive use is exempt from property taxation. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2013
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2013 Last action Jan 13, 2015
Floor votes

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Full legislative history

Actions timeline

Total actions
11
Key actions
1
Committee
4
Apr 30, 2013
Committee
Re-referred to Assignments
upper
Mar 20, 2013
Upper · Passed
Do Pass Revenue; 011-000-000
upper
Feb 14, 2013
Committee
Assigned to Revenue
upper
Feb 6, 2013
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

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