Bill Status of HB 3466   104th General Assembly

Short Description:  PROP TX-AFFORDABLE HOUSING

House Sponsors
Rep. Will Guzzardi-Abdelnasser Rashid-Martha Deuter, Norma Hernandez, Kevin John Olickal, Thaddeus Jones, Anna Moeller, Lindsey LaPointe, Nabeela Syed, Hoan Huynh, La Shawn K. Ford, Nicolle Grasse and Aarón M. Ortíz

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 200/15-178

Synopsis As Introduced
Amends the Property Tax Code. Provides that a county opting out of the special assessment programs to reduce the assessed value of certain residential real property shall not disqualify or shorten the maximum eligibility periods for any property approved to receive a reduced valuation prior to the county opting out. Requires that the special assessment programs be available to all qualifying residential real property regardless of whether or not the property has or is currently receiving any other public financing or subsidies or subject to any regulatory agreements with any public entity, or both. If an owner is approved for the reduced valuation prior to December 31, 2037 and the provisions are not subsequently extended, this shall not disqualify or shorten the maximum eligibility periods for any property approved to receive a reduced valuation. Provides that, if the chief county assessment officer has not created application forms, the chief county assessment officer shall make publicly available and accept applications forms that shall be available to local governments from the Illinois Department of Revenue. If a county Internet website exists, the application materials, as well as any other program requirements used by the county (such as application deadlines, fees, and other procedures required by the application) must be published on that website, otherwise it must be available to the public upon request at the office of the chief county assessment officer. On an annual basis, requires the Illinois Housing Development Authority to calculate and make available on its website the minimum per square foot expenditure requirements to be applicable statewide to be eligible for the reduced valuation, which shall include the historical annual expenditure requirements starting with calendar year 2021. Changes reference to improvements to existing residential real property to substantially rehabilitated residential real property. Makes other changes.

Actions 
DateChamber Action
  2/7/2025HouseFiled with the Clerk by Rep. Will Guzzardi
  2/18/2025HouseFirst Reading
  2/18/2025HouseReferred to Rules Committee
  3/11/2025HouseAdded Co-Sponsor Rep. Norma Hernandez
  3/11/2025HouseAssigned to Revenue & Finance Committee
  3/12/2025HouseAdded Chief Co-Sponsor Rep. Abdelnasser Rashid
  3/12/2025HouseChief Co-Sponsor Changed to Rep. Abdelnasser Rashid
  3/12/2025HouseAdded Chief Co-Sponsor Rep. Martha Deuter
  3/13/2025HouseTo Property Tax Subcommittee
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee
  3/26/2025HouseAdded Co-Sponsor Rep. Kevin John Olickal
  3/26/2025HouseAdded Co-Sponsor Rep. Thaddeus Jones
  3/26/2025HouseAdded Co-Sponsor Rep. Anna Moeller
  4/2/2025HouseAdded Co-Sponsor Rep. Lindsey LaPointe
  4/4/2025HouseAdded Co-Sponsor Rep. Nabeela Syed
  4/7/2025HouseAdded Co-Sponsor Rep. Hoan Huynh
  4/11/2025HouseAdded Co-Sponsor Rep. La Shawn K. Ford
  4/11/2025HouseAdded Co-Sponsor Rep. Nicolle Grasse
  4/22/2025HouseAdded Co-Sponsor Rep. Aarón M. Ortíz

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