Illinois General Assembly - Bill Status for HB3181
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 Bill Status of HB3181  102nd General Assembly


Short Description:  PROP TX-LOW INCOME HOUSING

House Sponsors
Rep. Theresa Mah

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

Statutes Amended In Order of Appearance
35 ILCS 200/10-260


Synopsis As Introduced
Amends the Property Tax Code. Provides that, in determining the fair cash value of a low-income housing project (Section 42 properties), the assessment officer must consider the actual or projected net operating income attributable to the property, capitalized at rates for similarly encumbered Section 42 properties. Provides that the owner or owners of the low-income housing project must certify to the appropriate local assessment officer that the owner or owners qualify for the low-income housing tax credit under Section 42 of the Internal Revenue Code for the property.

Actions 
DateChamber Action
  2/19/2021HouseFiled with the Clerk by Rep. Theresa Mah
  2/19/2021HouseFirst Reading
  2/19/2021HouseReferred to Rules Committee
  3/16/2021HouseAssigned to Revenue & Finance Committee
  3/18/2021HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Theresa Mah
  3/18/2021HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/22/2021HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Theresa Mah
  3/22/2021HouseHouse Committee Amendment No. 2 Referred to Rules Committee
  3/23/2021HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/23/2021HouseHouse Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee
  3/27/2021HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  3/27/2021HouseHouse Committee Amendment No. 2 Rule 19(c) / Re-referred to Rules Committee

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