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
Last action on Bill: SESSION SINE DIE
Last action date: 01-01-09
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0
END OF INQUIRY
Full Text Bill Status