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]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2024-08-09	HTML/Text	Link	View
Enrolled	2024-05-16	HTML/Text	Link	View
Engrossed	2024-04-09	HTML/Text	Link	View
Introduced	2024-01-31	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2936

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2936 currently on file.

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