Bill Status of HB 4880   96th General Assembly


Short Description:  PROP TX-CHARITABLE PURPOSES

House Sponsors
Rep. Keith P. Sommer

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-65

Synopsis As Introduced
Amends the Property Tax Code. Provides that, beginning in taxable year 2010, if residential real property is (i) rented or leased for a de minimus sum to an organization that is exempt under paragraph (3) of Section 501(c) of the Internal Revenue Code and (ii) operated and controlled by that organization solely for use as a community integrated living arrangement, then that property is exempt from taxation. Provides that once such property is exempt from taxation, it shall remain exempt so long as it is (i) rented or leased to the exempt organization for a de minimus sum and (ii) operated and controlled by that organization solely for use as a community integrated living arrangement. Authorizes the Chief County Assessment Officer to require lessors seeking this exemption to annually file an application verifying the satisfaction of these requirements. Effective immediately.

Actions 
DateChamber Action
  1/13/2010HouseFiled with the Clerk by Rep. Keith P. Sommer
  1/15/2010HouseFirst Reading
  1/15/2010HouseReferred to Rules Committee
  2/9/2010HouseAssigned to Revenue & Finance Committee
  3/15/2010HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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