State of Illinois
91st General Assembly
Legislation

      [ Back ]   [ Bottom ]

[ Introduced ][ Engrossed ][ Enrolled ]
[ Senate Amendment 001 ]

91_HB1987ham001

 










                                           LRB9103274PTpkam01

 1                    AMENDMENT TO HOUSE BILL 1987

 2        AMENDMENT NO.     .  Amend House Bill  1987  on  page  1,
 3    lines  2  and  6,  after  "1-130",  each  time  it appears by
 4    inserting "and by adding Division 11 to Article 10"; and

 5    on page 1, below line 22, by inserting the following:

 6        "(35 ILCS 200/Art. 10, Div. 11 heading new)
 7                  DIVISION 11.  LOW-INCOME HOUSING

 8        (35 ILCS 200/10-235 new)
 9        Sec. 10-235.  Low-income  housing.   In  determining  the
10    fair  cash  value  of  property  receiving  benefits from the
11    Low-Income Housing Tax Credit authorized by Section 42 of the
12    Internal Revenue Code, 26 U.S.C. 42, emphasis shall be  given
13    to the income approach, where appropriate.".

[ Top ]