Illinois General Assembly - Bill Status for HB0575
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 Bill Status of HB0575  102nd General Assembly


Short Description:  PROP TAX-CHARITABLE REHAB

House Sponsors
Rep. Dave Vella and Stephanie A. Kifowit

Last Action
DateChamber Action
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

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


Synopsis As Introduced
Amends the Property Tax Code. In a Section regarding property tax exemptions for charitable purposes, provides that property held by a charitable organization for the purpose of constructing or rehabilitating residences for eventual transfer to qualified low-income families through sale, lease, or contract for deed is exempt from property tax as a charitable purpose. Provides that the exemption commences on the day title to the property is transferred to the organization and continues to the end of the levy year in which the organization transfers title to the property to a qualified low-income family. Effective immediately.

Actions 
DateChamber Action
  2/3/2021HouseFiled with the Clerk by Rep. Dave Vella
  2/8/2021HouseFirst Reading
  2/8/2021HouseReferred to Rules Committee
  2/26/2021HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
  3/2/2021HouseAssigned to Revenue & Finance Committee
  3/11/2021HouseTo Property Tax Subcommittee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

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