SB2973 - PROPERTY TX-ABATEMENT
Illinois - 103rd General Assembly
Introduced byWin Stoller
Last updated 8 months ago
1 Co-Sponsor
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
Introduced
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