HB1218 - PROP TX-ABATE MIXED USE
Illinois - 103rd General Assembly
Introduced byKevin Schmidt, Rita Mayfield, Travis Weaver
Last updated over 1 year ago
13 Co-Sponsors
Amends the Property Tax Code. Provides that a taxing district may abate a portion of its taxes on property upon which affordable housing has been or will be constructed in a development mixed with commercial property. Provides that the value of the abatement may not exceed $500,000.
STATUS
Introduced
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