HB5273 - PROP TX-NURSING HOMES
Illinois - 103rd General Assembly
Introduced byStephanie A. Kifowit
Last updated 8 months ago
1 Co-Sponsor
Amends the Property Tax Code. Creates a reduction in the equalized assessed value of property containing a qualified nursing home in an amount equal to 50% of the equalized assessed value of the nursing home property. Provides that a qualified nursing home is a facility licensed under the Nursing Home Care Act that is located in a census tract with a median household income of less than 150% of the federal poverty level and that has a resident population that is at least 90% Medicaid eligible. Effective immediately.
STATUS
Introduced
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