Illinois General Assembly - Bill Status for HB4445
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 Bill Status of HB4445  101st General Assembly


Short Description:  PROP TX-REAL ESTATE TRANSFER

House Sponsors
Rep. Eva Dina Delgado

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/31-45


Synopsis As Introduced
Amends the Property Tax Code. Provides that, on and after January 1, 2021, deeds representing real estate transfers of residential property from a parent to a child are exempt from the real estate transfer tax if the child's household income for the taxable year in which the transfer occurs is less than $50,000 and the property has been the child's principal place of residence for at least 10 consecutive years immediately prior to the date of the transfer. Effective immediately.

Actions 
DateChamber Action
  1/31/2020HouseFiled with the Clerk by Rep. Eva Dina Delgado
  2/3/2020HouseFirst Reading
  2/3/2020HouseReferred to Rules Committee
  3/12/2020HouseAssigned to Revenue & Finance Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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