Illinois General Assembly - Bill Status for HB5275
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 Bill Status of HB5275  101st General Assembly

Short Description:  PROP TX-RENTAL HOUSING

House Sponsors
Rep. Emanuel Chris Welch - Michael J. Zalewski - Delia C. Ramirez - Theresa Mah - Arthur Turner, Diane Pappas, Michelle Mussman, Jaime M. Andrade, Jr., Ann M. Williams, Justin Slaughter, Jennifer Gong-Gershowitz, Deb Conroy, Margo McDermed and Curtis J. Tarver, II

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-178 new

Synopsis As Introduced
Amends the Property Tax Code. Provides for a reduction in the assessed value of newly-constructed or rehabilitated rental property if the owner of the residential real property commits that, for a period of 10 years, at least 15% of the multifamily building's units will have rents that are at or below maximum rents and are occupied by households with household incomes at or below maximum income limits. Provides that the chief county assessment officer of a county with 3,000,000 or more inhabitants shall establish such a program. Sets forth application requirements and the amount of the reduction. Effective immediately.

DateChamber Action
  2/14/2020HouseFiled with the Clerk by Rep. Emanuel Chris Welch
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  2/26/2020HouseAdded Chief Co-Sponsor Rep. Michael J. Zalewski
  2/27/2020HouseAdded Chief Co-Sponsor Rep. Delia C. Ramirez
  2/27/2020HouseAdded Chief Co-Sponsor Rep. Theresa Mah
  3/5/2020HouseAdded Co-Sponsor Rep. Diane Pappas
  3/5/2020HouseAdded Co-Sponsor Rep. Michelle Mussman
  3/5/2020HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr.
  3/5/2020HouseAdded Co-Sponsor Rep. Ann M. Williams
  3/5/2020HouseAdded Chief Co-Sponsor Rep. Arthur Turner
  3/5/2020HouseAdded Co-Sponsor Rep. Justin Slaughter
  3/5/2020HouseAdded Co-Sponsor Rep. Jennifer Gong-Gershowitz
  3/5/2020HouseAdded Co-Sponsor Rep. Deb Conroy
  3/5/2020HouseAdded Co-Sponsor Rep. Margo McDermed
  3/12/2020HouseAssigned to Revenue & Finance Committee
  6/2/2020HouseAdded Co-Sponsor Rep. Curtis J. Tarver, II
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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