Bill Title: Amends the Property Tax Code. Provides that the abatement for property located in an area of urban decay also applies to newly remodeled single-family or duplex residential dwelling units (currently, only newly constructed single-family or duplex dwelling units). Provides that provisions requiring the abatement to be reduced in 20% increments annually during the last 4 years of the abatement period apply only to abatements granted prior to the effective date. Effective immediately.

Spectrum: Slight Partisan Bill (Republican 4-2)

Status: (Passed) 2024-08-09 - Public Act . . . . . . . . . 103-0931 [SB2936 Detail]

Text: Latest bill text (Chaptered) [HTML]

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