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HB2592 - 104th General Assembly
PROP TX-CONDO ABATEMENT
Last Action
Statutes Amended In Order of Appearance
35 ILCS 200/18-185.25 new
Synopsis As Introduced
Amends the Property Tax Code. Provides that any taxing district may, after the determination of the assessed valuation of its property, order the county clerk to abate any portion of its taxes on any qualified condominium property. Provides that the amount of the abatement may not exceed the special assessments imposed against the property by the condominium association during the taxable year. Provides that "qualified condominium property" means a condominium that is located in a low-income community and with respect to which the condominium association has imposed a special assessment for repairs during the taxable year. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/04/2025 | House | Filed with the Clerk by Rep. Curtis J. Tarver, II |
| 2/06/2025 | House | First Reading |
| 2/06/2025 | House | Referred to Rules Committee |
| 3/04/2025 | House | Assigned to Revenue & Finance Committee |
| 3/06/2025 | House | To Property Tax Subcommittee |
| 3/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |