Bill Status of HB2625 100th General Assembly
Short Description: PROP TX-COMMERCIAL ABATEMENT
Rep. Laura Fine
| 3/31/2017||House||Rule 19(a) / Re-referred to Rules Committee|
Statutes Amended In Order of Appearance
|35 ILCS 200/18-184.15 new|
Synopsis As Introduced
Amends the Property Tax Code. Creates an abatement for commercial property upon which a permeable surface has been installed. Provides that the amount of the abatement may not exceed $20 per square foot of permeable surface installed and shall be granted only for the first taxable year after the taxable year in which the permeable surface is installed. Provides that the term "permeable surface" means a near-zero-slump, open-graded material consisting of portland cement, coarse aggregate, little or no fine aggregate, admixtures, and water. Effective immediately.