IL HB3181 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 19 2021 - 25% progression, died in committee
Action: 2021-03-27 - House Committee Amendment No. 2 Rule 19(c) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides that, in determining the fair cash value of a low-income housing project (Section 42 properties), the assessment officer must consider the actual or projected net operating income attributable to the property, capitalized at rates for similarly encumbered Section 42 properties. Provides that the owner or owners of the low-income housing project must certify to the appropriate local assessment officer that the owner or owners qualify for the low-income housing tax credit under Section 42 of the Internal Revenue Code for the property.

Tracking Information

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Title

PROP TX-LOW INCOME HOUSING

Sponsors


History

DateChamberAction
2021-03-27HouseHouse Committee Amendment No. 2 Rule 19(c) / Re-referred to Rules Committee
2021-03-27HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2021-03-27HouseRule 19(a) / Re-referred to Rules Committee
2021-03-23HouseHouse Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
2021-03-23HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2021-03-22HouseHouse Committee Amendment No. 2 Referred to Rules Committee
2021-03-22HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Theresa Mah
2021-03-18HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2021-03-18HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Theresa Mah
2021-03-16HouseAssigned to Revenue & Finance Committee
2021-02-19HouseReferred to Rules Committee
2021-02-19HouseFirst Reading
2021-02-19HouseFiled with the Clerk by Rep. Theresa Mah

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520010-260Amended CodeCitation Text

Illinois State Sources


Bill Comments

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