SB2936 - PROPERTY TX-ABATEMENT
Illinois - 103rd General Assembly
Introduced byDavid Koehler, Win Stoller, Ryan Spain
Last updated about 1 month ago
6 Co-Sponsors
Amends the Property Tax Code. Provides that the abatement for property located in an area of urban decay also applies to newly remodeled single-family or duplex residential dwelling units (currently, only newly constructed single-family or duplex dwelling units). Provides that provisions requiring the abatement to be reduced in 20% increments annually during the last 4 years of the abatement period apply only to abatements granted prior to the effective date. Effective immediately.
STATUS
Passed
Verifications Required
You must be a verified voter to do that.
No Thanks, I'll do it later
Verify your identity now