Illinois General Assembly - Bill Status for HB3642
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 Bill Status of HB3642  100th General Assembly


Short Description:  PROP TAX-CHARITABLE REHAB

House Sponsors
Rep. Emily McAsey - John M. Cabello - Joe Sosnowski - Robert W. Pritchard

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-65


Synopsis As Introduced
Amends the Property Tax Code. In a Section regarding property tax exemptions for charitable purposes, provides that property held by a charitable organization for the purpose of constructing or rehabilitating residences for eventual transfer to qualified low-income families through sale, lease, or contract for deed is exempt from property tax as a charitable purpose. Provides that the exemption commences on the day title to the property is transferred to the organization and continues to the end of the levy year in which the organization transfers title to the property to a qualified low-income family. Effective immediately.

Actions 
DateChamber Action
  2/10/2017HouseFiled with the Clerk by Rep. Emily McAsey
  2/10/2017HouseFirst Reading
  2/10/2017HouseReferred to Rules Committee
  3/1/2017HouseAssigned to Revenue & Finance Committee
  3/2/2017HouseAdded Chief Co-Sponsor Rep. John M. Cabello
  3/7/2017HouseAdded Chief Co-Sponsor Rep. Joe Sosnowski
  3/8/2017HouseAdded Chief Co-Sponsor Rep. Robert W. Pritchard
  3/9/2017HouseTo Property Tax Subcommittee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die

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