HB2546 - REAL ESTATE TRANSFER TAX
Illinois - 103rd General Assembly
Introduced byKevin John Olickal
Last updated over 1 year ago
1 Co-Sponsor
Amends the Property Tax Code. In provisions concerning a real estate transfer tax, provides that, if the grantee is a private equity firm with more than $10,000,000 in assets on the date of the transfer, then an additional tax of $0.035 per $100 of value is imposed on the privilege of transferring a beneficial interest in real property located in Illinois. Effective immediately.
STATUS
Introduced
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