Bill Status of HB 2592   104th General Assembly


Short Description:  PROP TX-CONDO ABATEMENT

House Sponsors
Rep. Curtis J. Tarver, II

Last Action  View All Actions

DateChamber Action
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/18-185.25 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that any taxing district may, after the determination of the assessed valuation of its property, order the county clerk to abate any portion of its taxes on any qualified condominium property. Provides that the amount of the abatement may not exceed the special assessments imposed against the property by the condominium association during the taxable year. Provides that "qualified condominium property" means a condominium that is located in a low-income community and with respect to which the condominium association has imposed a special assessment for repairs during the taxable year. Effective immediately.

Actions 
DateChamber Action
  2/4/2025HouseFiled with the Clerk by Rep. Curtis J. Tarver, II
  2/6/2025HouseFirst Reading
  2/6/2025HouseReferred to Rules Committee
  3/4/2025HouseAssigned to Revenue & Finance Committee
  3/6/2025HouseTo Property Tax Subcommittee
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

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