PROPERTY TX-ABATEMENT Senate SponsorsSen. David Koehler-Win Stoller House Sponsors(Rep. Ryan Spain-Jehan Gordon-Booth-Travis Weaver and Steven Reick) 8/9/2024SenatePublic Act . . . . . . . . . 103-0931 35 ILCS 200/18-180Amends 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. 1/31/2024SenateFiled with Secretary by Sen. David Koehler 1/31/2024SenateFirst Reading 1/31/2024SenateReferred to Assignments 2/6/2024SenateAssigned to Revenue 2/21/2024SenateAdded as Chief Co-Sponsor Sen. Win Stoller 2/21/2024SenateDo Pass Revenue; 008-000-000 2/21/2024SenatePlaced on Calendar Order of 2nd Reading February 22, 2024 3/21/2024SenateSecond Reading 3/21/2024SenatePlaced on Calendar Order of 3rd Reading March 22, 2024 4/9/2024SenateThird Reading - Passed; 053-000-000 4/10/2024HouseArrived in House 4/12/2024HouseChief House Sponsor Rep. Ryan Spain 4/12/2024HouseFirst Reading 4/12/2024HouseReferred to Rules Committee 4/15/2024HouseAssigned to Revenue & Finance Committee 4/18/2024HouseAdded Alternate Chief Co-Sponsor Rep. Jehan Gordon-Booth 4/18/2024HouseAdded Alternate Chief Co-Sponsor Rep. Travis Weaver 5/3/2024HouseCommittee/Final Action Deadline Extended-9(b) May 24, 2024 5/9/2024HouseDo Pass / Short Debate Revenue & Finance Committee; 018-000-000 5/9/2024HousePlaced on Calendar 2nd Reading - Short Debate 5/14/2024HouseSecond Reading - Short Debate 5/14/2024HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/16/2024HouseAdded Alternate Co-Sponsor Rep. Steven Reick 5/16/2024HouseThird Reading - Short Debate - Passed 111-001-000 5/16/2024SenatePassed Both Houses 6/14/2024SenateSent to the Governor 8/9/2024SenateGovernor Approved 8/9/2024SenateEffective Date August 9, 2024 8/9/2024SenatePublic Act . . . . . . . . . 103-0931