Comments: IL HB1218 | 2023-2024 | 103rd General Assembly

Bill Title: Amends the Property Tax Code. Provides that a taxing district may abate a portion of its taxes on property upon which affordable housing has been or will be constructed in a development mixed with commercial property. Provides that the value of the abatement may not exceed $500,000.

Spectrum: Strong Partisan Bill (Republican 12-1)

Status: (Introduced) 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee [HB1218 Detail]

Text: Latest bill text (Introduced) [HTML]

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