KENNER-MCKEON-COLVIN-GILES. (PETERSON-OBAMA-LIGHTFORD) 35 ILCS 200/18-177 Amends the Property Tax Code. Makes a technical change in a Section concerning leased low-rent housing abatement. HOUSE AMENDMENT NO. 1. Deletes everything after the enacting clause. Amends the Property Tax Code with respect to leased low-rent housing abatements. Provides that, to be eligible for a leased low-rent housing abatement, the property must (i) not be exempt under the Code as housing authority property (new requirement); (ii) be subject to a leasing agreement, regulatory and operating agreement, or similar instrument with a housing authority that sets forth the terms for leasing low-rent housing (now, consist of 6 units or more leased to a housing authority for low-rent housing and related uses); and (iii) be used, for a period of 20 years, solely for low-rent housing and related uses (same as current law). Provides that the certificate of the property's use during the immediately preceding year required to be filed by the housing authority shall certify that the eligible residential units have been inspected within the previous 90 days (now, 60 days). Provides that, if the property is improved with an eligible multifamily dwelling or multi-building development containing residential units, a certification of eligibility may be filed for no more than 40% (now, one-third) of those residential units. Provides that if property receives an abatement under these provisions, the rental rate set under the lease, regulatory and operating agreement, or other similar instrument for that property shall not include property taxes (now, if a housing authority is the lessee of property that is eligible for an abatement under these provisions, the lease shall reflect a reduction in payments due under the lease from the housing authority in the full amount of the abatement). Effective immediately. JAN-11-2002 H FILED WITH CLERK JAN-15-2002 H FIRST READING JAN-15-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-14-2002 H ASSIGNED TO COMMITTEE REVENUE FEB-22-2002 H AMENDMENT NO. 01-REVENUE H FEB-22-2002 H ADOPTED SUBCOM FEB-22-2002 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HREV FEB-22-2002 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-21-2002 H SECOND READING-SHORT DEBATE MAR-21-2002 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAR-22-2002 H THIRD READING/SHORT DEBATE/PASSED 110-000-001 MAR-22-2002 H ADDED AS A JOINT SPONSOR MCKEON MAR-22-2002 H ADDED AS A JOINT SPONSOR COLVIN MAR-22-2002 H ADDED AS A JOINT SPONSOR GILES APR-02-2002 S ARRIVE IN SENATE APR-02-2002 S PLACED CALENDAR ORDER OF FIRST READING 02-04-03 APR-02-2002 S CHIEF SPONSOR PETERSON APR-03-2002 S FIRST READING APR-03-2002 S REFERRED TO SENATE RULES COMMITTEE RULES APR-04-2002 S ADDED AS A CO-SPONSOR MUNOZ APR-10-2002 S ASSIGNED TO COMMITTEE REVENUE APR-12-2002 S ADDED AS A CHIEF CO-SPONSOR OBAMA APR-16-2002 S ADDED AS A CHIEF CO-SPONSOR LIGHTFORD APR-18-2002 S DO PASS 007-000-000 SREV APR-18-2002 S PLACED ON CALENDAR ORDER OF 2ND READING 02-04-23 APR-23-2002 S SECOND READING APR-23-2002 S PLACED ON CALENDAR ORDER OF 3RD READING 02-04-24 APR-24-2002 S THIRD READING - PASSED 056-000-001 APR-24-2002 H PASSED BOTH HOUSES MAY-23-2002 H SENT TO THE GOVERNOR JUL-11-2002 H GOVERNOR APPROVED JUL-11-2002 H EFFECTIVE DATE 02-07-11 JUL-11-2002 H PUBLIC ACT.............................. 92-0621 END OF INQUIRY Full Text Bill Summary