Illinois General Assembly - Bill Status for SB3173

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Bill Status of SB3173 94th General Assembly

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Short Description: RESIDENTIAL DEVELOPMENT TAX

Senate Sponsors
Sen. Martin A. Sandoval

Last Action

Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/Art. 31.5 heading new

35 ILCS 200/31.5-1 new

35 ILCS 200/31.5-5 new

35 ILCS 200/31.5-10 new

35 ILCS 200/31.5-15 new

Synopsis As Introduced
Amends the Property Tax Code to create the Residential Development Tax Law. Imposes a tax of $5,000 on the privilege of constructing new residential housing in the State. Sets forth procedures for the collection of the tax. Provides that the proceeds of the tax must be deposited into the School Construction and Maintenance Fund. Provides that the tax is not imposed if any unit of local government imposes a fee or tax for the construction of the residential housing unit. Effective July 1, 2006.

Actions

Date	Chamber	Action
2/24/2006	Senate	Filed with Secretary by Sen. Martin A. Sandoval
2/24/2006	Senate	First Reading
2/24/2006	Senate	Referred to Rules
2/24/2006	Senate	Fiscal Note Requested by Sen. Martin A. Sandoval
1/9/2007	Senate	Session Sine Die

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