91st General Assembly
Summary of HB3980
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House Sponsors:

Short description: 
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      
          the State.                                                           
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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