HB5542 - PROP TX-CHARITABLE EXEMPTION
Illinois - 103rd General Assembly
Introduced byTracy Katz Muhl, Emanuel Welch, Anne M. Stava-Murray
Last updated 8 months ago
34 Co-Sponsors
Amends the Property Tax Code. In provisions concerning charitable exemptions granted to limited liability companies, removes a requirement that the limited liability company must be a disregarded entity for federal and Illinois income tax purposes.
STATUS
Introduced
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