House Sponsors: JONES,LOU. Short description: PROP TX-ABATE HOUSNG AUTH PROP Synopsis of Bill as introduced: Amends the Property Tax Code. In provisions requiring the county clerk to abate a portion of the property taxes levied on certain property in a municipality with 1,000,000 or more inhabitants improved with a multifamily dwelling or a multi-building development consisting of 6 units or more and leased for not less than 20 years to a housing authority, deletes language providing that whenever a housing autho- rity is the lessee of property that is eligible for an abatement under this Section, the lease shall reflect a reduction in payments due un- der the lease from the housing authority in the full amount of the abatement. Effective immediately. HOUSE AMENDMENT NO. 1. Removes the substantive changes in the bill and instead makes a technical change in the leased low-rent housing abatement Section. FISCAL NOTE, H-AM 1 (Department of Revenue) HB3980 (H-am 1) fails to create a fiscal impact on the Dept. or the State. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status