HB3245 - 104th General Assembly

PROP TX-ABATEMENT-BLIGHT
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Adam M. Niemerg
Statutes Amended In Order of Appearance
35 ILCS 200/18-184.25 new
Synopsis As Introduced
Amends the Property Tax Code. Creates an abatement for property located in a blighted area if the owner of the property enters into an agreement with the corporate authorities of the municipality in which the property is located for the renovation, demolition, or improvement of the property. Provides that the abatement shall apply for a period of 20 years. Effective immediately.
Actions
Date Chamber Action
2/06/2025 House Filed with the Clerk by Rep. Adam M. Niemerg
2/18/2025 House First Reading
2/18/2025 House Referred to Rules Committee
3/11/2025 House Assigned to Revenue & Finance Committee
3/13/2025 House To Tax Policy: Other Taxes Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee