HB3466 - 104th General Assembly
PROP TX-AFFORDABLE HOUSING
House Sponsors
Rep. Will Guzzardi - Abdelnasser Rashid - Martha Deuter, Norma Hernandez, Kevin John Olickal, Thaddeus Jones, Anna Moeller, Lindsey LaPointe, Nabeela Syed, Hoan Huynh, La Shawn K. Ford, Nicolle Grasse and Aarón M. Ortíz
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Property Tax Code. Provides that a county opting out of the special assessment programs to reduce the assessed value of certain residential real property shall not disqualify or shorten the maximum eligibility periods for any property approved to receive a reduced valuation prior to the county opting out. Requires that the special assessment programs be available to all qualifying residential real property regardless of whether or not the property has or is currently receiving any other public financing or subsidies or subject to any regulatory agreements with any public entity, or both. If an owner is approved for the reduced valuation prior to December 31, 2037 and the provisions are not subsequently extended, this shall not disqualify or shorten the maximum eligibility periods for any property approved to receive a reduced valuation. Provides that, if the chief county assessment officer has not created application forms, the chief county assessment officer shall make publicly available and accept applications forms that shall be available to local governments from the Illinois Department of Revenue. If a county Internet website exists, the application materials, as well as any other program requirements used by the county (such as application deadlines, fees, and other procedures required by the application) must be published on that website, otherwise it must be available to the public upon request at the office of the chief county assessment officer. On an annual basis, requires the Illinois Housing Development Authority to calculate and make available on its website the minimum per square foot expenditure requirements to be applicable statewide to be eligible for the reduced valuation, which shall include the historical annual expenditure requirements starting with calendar year 2021. Changes reference to improvements to existing residential real property to substantially rehabilitated residential real property. Makes other changes.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/07/2025 | House | Filed with the Clerk by Rep. Will Guzzardi |
| 2/18/2025 | House | First Reading |
| 2/18/2025 | House | Referred to Rules Committee |
| 3/11/2025 | House | Added Co-Sponsor Rep. Norma Hernandez |
| 3/11/2025 | House | Assigned to Revenue & Finance Committee |
| 3/12/2025 | House | Added Chief Co-Sponsor Rep. Abdelnasser Rashid |
| 3/12/2025 | House | Chief Co-Sponsor Changed to Rep. Abdelnasser Rashid |
| 3/12/2025 | House | Added Chief Co-Sponsor Rep. Martha Deuter |
| 3/13/2025 | House | To Property Tax Subcommittee |
| 3/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |
| 3/26/2025 | House | Added Co-Sponsor Rep. Kevin John Olickal |
| 3/26/2025 | House | Added Co-Sponsor Rep. Thaddeus Jones |
| 3/26/2025 | House | Added Co-Sponsor Rep. Anna Moeller |
| 4/02/2025 | House | Added Co-Sponsor Rep. Lindsey LaPointe |
| 4/04/2025 | House | Added Co-Sponsor Rep. Nabeela Syed |
| 4/07/2025 | House | Added Co-Sponsor Rep. Hoan Huynh |
| 4/11/2025 | House | Added Co-Sponsor Rep. La Shawn K. Ford |
| 4/11/2025 | House | Added Co-Sponsor Rep. Nicolle Grasse |
| 4/22/2025 | House | Added Co-Sponsor Rep. Aarón M. Ortíz |