Illinois General Assembly - Bill Status for HB0805
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 Bill Status of HB0805  102nd General Assembly


Short Description:  PROP TX-RENTAL HOUSING

House Sponsors
Rep. Curtis J. Tarver, II - Theresa Mah, Michelle Mussman, Lindsey LaPointe, Maurice A. West, II and Margaret Croke

Last Action
DateChamber Action
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/15-178 new


Synopsis As Introduced
Amends the Property Tax Code. Provides for a reduction in the assessed value of newly-constructed or rehabilitated rental property if the owner of the residential real property commits that, for a period of 10 years, at least 15% of the multifamily building's units will have rents that are at or below maximum rents and are occupied by households with household incomes at or below maximum income limits. Provides that the chief county assessment officer of a county with 3,000,000 or more inhabitants shall establish such a program. Sets forth application requirements and the amount of the reduction. Effective immediately.

Actions 
DateChamber Action
  2/9/2021HouseFiled with the Clerk by Rep. Curtis J. Tarver, II
  2/10/2021HouseFirst Reading
  2/10/2021HouseReferred to Rules Committee
  2/24/2021HouseAdded Chief Co-Sponsor Rep. Theresa Mah
  2/24/2021HouseAdded Co-Sponsor Rep. Michelle Mussman
  2/24/2021HouseAdded Co-Sponsor Rep. Lindsey LaPointe
  3/2/2021HouseAssigned to Revenue & Finance Committee
  3/11/2021HouseTo Property Tax Subcommittee
  3/17/2021HouseAdded Co-Sponsor Rep. Maurice A. West, II
  3/17/2021HouseAdded Co-Sponsor Rep. Margaret Croke
  3/22/2021HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II
  3/22/2021HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/23/2021HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee
  3/27/2021HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

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