Illinois General Assembly - Bill Status for SB 1474

Amends the Property Tax Code. Includes, in the category of property exempt from taxation when used for charitable or beneficent purposes as well as in the category of property exempt as housing authority property, certain public housing residential rental property subject to a regulatory and operating agreement approved by the housing authority and the Department of Housing and Urban Development. Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. In provisions concerning the establishment of the "initial equalized assessed value" of property to be included in the district, excludes the public housing residential rental property that is subject to a regulatory and operating agreement and that is exempt under the Property Tax Code. Effective immediately.

Deletes everything after the enacting clause. Reinserts the bill as introduced but with changes. Amends the Property Tax Code. Removes provisions that add public housing residential rental property subject to certain regulatory and operating agreements to the provisions authorizing a charitable purposes property tax exemption. Changes provisions authorizing a housing authority property tax exemption. Provides that residential rental units, whether or not the property of a housing authority, subject to a leasing agreement, regulatory and operating agreement, or similar instrument with a housing authority created under the Housing Authorities Act are exempt if the residential rental units are used solely for low-rent housing and related uses. Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code to remove cross references to the charitable purposes exemptions for public housing residential rental property subject to certain regulatory and operating agreements. Effective immediately.

Deletes everything after the enacting clause. Reinserts only the provisions amending the Property Tax Code, leaving out the changes to the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Limits the exemption in the Property Tax Code to those residential rental units that constitute public housing situated in a municipality with 1,000,000 or more inhabitants. Effective immediately.

Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Date	Chamber	Action
2/20/2003	Senate	Filed with Secretary by Sen. Jacqueline Y. Collins
2/20/2003	Senate	First Reading
2/20/2003	Senate	Referred to Rules
2/27/2003	Senate	Assigned to Revenue
3/6/2003	Senate	Postponed - Revenue
3/11/2003	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
3/11/2003	Senate	Senate Committee Amendment No. 1 Referred to Rules
3/11/2003	Senate	Senate Committee Amendment No. 1 Rules Refers to Revenue
3/12/2003	Senate	Senate Committee Amendment No. 1 Adopted
3/13/2003	Senate	Do Pass as Amended Revenue; 007-001-001
3/13/2003	Senate	Placed on Calendar Order of 2nd Reading March 18, 2003
3/18/2003	Senate	Housing Affordability Impact Note Requested by Sen. Chris Lauzen
3/18/2003	Senate	Fiscal Note Requested by Sen. Chris Lauzen
3/25/2003	Senate	Fiscal Note Filed As Amended with Committee Amendment No.1
3/25/2003	Senate	Housing Affordability Impact Note Filed As Amended with Committee Amendment No. 1
3/27/2003	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Jacqueline Y. Collins
3/27/2003	Senate	Senate Floor Amendment No. 2 Referred to Rules
4/1/2003	Senate	State Mandates Fiscal Note Filed as Amended with Committee Amendment No. 1 from the Illinois Community College Board
4/1/2003	Senate	State Mandates Fiscal Note Filed as Amended with Committee Amendment No. 1 from the Illinois Community College Board
4/1/2003	Senate	Fiscal Note Filed as Amended with Committee Amendment No. 1 from the Illinois State Board of Education
4/1/2003	Senate	State Mandates Fiscal Note Filed as Amended with Committee Amendment No. 1 from the Illinois State Board of Education
4/2/2003	Senate	Senate Floor Amendment No. 2 Rules Refers to Revenue
4/2/2003	Senate	Senate Floor Amendment No. 2 Be Adopted Revenue; 008-000-000
4/2/2003	Senate	Second Reading
4/2/2003	Senate	Senate Floor Amendment No. 2 Adopted; Collins
4/2/2003	Senate	Placed on Calendar Order of 3rd Reading April 3, 2003
4/4/2003	Senate	Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
4/8/2003	Senate	Third Reading - Passed; 041-012-000
4/9/2003	House	Arrived in House
4/9/2003	House	Chief House Sponsor Rep. Lovana Jones
4/9/2003	House	Placed on Calendar Order of First Reading
4/10/2003	House	First Reading
4/10/2003	House	Referred to Rules Committee
4/14/2003	House	Assigned to Executive Committee
5/2/2003	House	Committee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
5/7/2003	House	Housing Affordability Impact Note Filed
6/1/2003	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2005	Senate	Session Sine Die

	Fiscal Note (SC-AM1) (Dept of Commerce and Community Affairs)
	No fiscal impact on DCCA. The extent of fiscal impact on local governments cannot be determined.

	Housing Affordability Impact Note (Dept of Commerce and Community Affairs)
	DCCA has no statutory duty or authority to prepare a housing affordability note for SB 1474 or any other bill.

	State Mandates Fiscal Note (S-AM 1) (Illinois State Board of Education)
	This legislation does not constitute a State Mandate on local school districts.

	Fiscal Note (S-AM 1) (Illinois State Board of Education)
	No fiscal impact on the State Board of Education. To the extent the bill may decrease local revenues, this legislation will have an adverse fiscal impact on local school districts.

	Housing Affordability Impact Note (Housing Development Authority)
	No fiscal impact.

	Deletes reference to:
	35 ILCS 200/15-65

	Deletes reference to:
	65 ILCS 5/11-74.4-8