Illinois General Assembly - Bill Status for HB5434

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Bill Status of HB5434 102nd General Assembly

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Short Description: INC TX-LANDLORD CREDIT

House Sponsors
Rep. Deanne M. Mazzochi

Last Action

Date	Chamber	Action
1/10/2023	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/232 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for qualified landlords. Provides that the term "qualified landlord" means an individual, partnership, trust, or corporation that incurred rental income losses from residential rental property as a result of the COVID-19 eviction moratorium and (1) owns fewer than 7 residential rental units in the State; or (2) actively maintains at least 25% of its rental units as affordable housing. Effective immediately.

Actions

Date	Chamber	Action
1/28/2022	House	Filed with the Clerk by Rep. Deanne M. Mazzochi
1/31/2022	House	First Reading
1/31/2022	House	Referred to Rules Committee
1/10/2023	House	Session Sine Die

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