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Synopsis As Introduced Amends the Property Tax Code. Provides for a housing opportunity tax abatement program for the purpose of promoting access to housing near work and to alleviate the concentration of low-income households in areas of high poverty. Sets forth application procedures and requirements for obtaining an abatement. Applies in townships meeting certain requirements. Applies to tax years 2004 through 2014. Effective immediately.
House Committee Amendment No. 1 Deletes everything. Reinserts the provisions of the original bill with the following changes: (i) provides that the definition of "housing authority" includes government agencies authorized by the United States Housing Act of 1937 to administer a voucher program; (ii) provides that on an application for a housing opportunity area tax abatement, the property owner must, under oath, self-certify as to the total number of dwelling units on the property and that the property is in substantial compliance with local building codes; (iii) provides that the housing authority may charge an application fee; (iv) provides that municipalities with less than 1,000,000 inhabitants may annually petition the county clerk to be excluded (instead of "may petition the county clerk to be excluded") from a housing opportunity area; (v) provides that properties located in an excluded municipality shall not be eligible for the housing opportunity area abatement for the tax year in which the petition is made; and (vi) makes other changes. Effective immediately.
Fiscal Note (Department of Revenue)
House Bill 2246 fails to create a fiscal impact to the Department of Revenue and the State of Illinois.
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