Illinois General Assembly - Bill Status for SB2973

Synopsis As Introduced
Amends the Property Tax Code. Provides that the abatement for property located in an area of urban decay also applies to newly remodeled single-family or duplex residential dwelling units (currently, only newly constructed single-family or duplex dwelling units). Provides that provisions requiring the abatement to be reduced in 20% increments annually during the last 4 years of the abatement period apply only to abatements granted prior to the effective date. Effective immediately.

Actions

Date	Chamber	Action
1/31/2024	Senate	Filed with Secretary by Sen. Win Stoller
1/31/2024	Senate	First Reading
1/31/2024	Senate	Referred to Assignments
2/6/2024	Senate	Assigned to Revenue
3/15/2024	Senate	Rule 3-9(a) / Re-referred to Assignments

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