<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 5839         </title>
<shortdesc>PROPERTY TAX-ABATEMENT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Ryan Spain</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/18-180</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>9/18/2020</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Ryan Spain</action>
<statusdate>11/10/2020</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>11/10/2020</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

