Illinois General Assembly - Bill Status for HB5663

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Bill Status of HB5663 96th General Assembly

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Short Description: PROP TX-HOUSING CREDITS

House Sponsors
Rep. Arthur L. Turner

Last Action

Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/15-65

Synopsis As Introduced
Amends the Property Tax Code. Provides that property that qualifies for a charitable exemption shall not lose its exemption because the property is owned by a partnership or limited liability company that is organized for the purposes of owning and operating residential rental property if (i) the charitable organization is a general partner of the partnership or a managing member of the limited liability company and (ii) the partnership or limited liability company has received an allocation of Low Income Housing Tax Credits for at least 50% of the dwelling units (instead of 100%). Effective immediately.

Actions

Date	Chamber	Action
2/8/2010	House	Filed with the Clerk by Rep. Arthur L. Turner
2/9/2010	House	First Reading
2/9/2010	House	Referred to Rules Committee
2/22/2010	House	Assigned to Revenue & Finance Committee
3/15/2010	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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