House Sponsors: TURNER,ART. Short description: RE TRANSFER TAX-SURCHARGE Synopsis of Bill as introduced: Amends the Real Estate Transfer Tax Law in the Property Tax Code. Imposes a $5 surcharge in Chicago to be deposited into the Low-Income Housing Trust Fund. Effective January 1, 2000. FISCAL NOTE (Department of Revenue) HB 1956 is of local concern and does not affect State revenues. HOUSING AFFORDABILITY NOTE (Housing Development Authority) Increases the cost on a $100,000 home by an estimated $5. STATE MANDATES NOTE (Dept. of Commerce and Community Affairs) Creates a local gov't. organization and structure mandate for which reimbursement is not required. HOME RULE NOTE (Dept. of Commerce and Community Affairs) Does not pre-empt home rule authority. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status