summary
Introduced
02/07/2025
02/07/2025
In Committee
03/21/2025
03/21/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Property Tax Code. Provides that any qualified resident of a cultural district designated by the Department of Commerce and Economic Opportunity may petition the corporate authorities of any taxing district in which the person resides to abate up to one-half of the property tax levied against homestead property occupied as a primary residence by the qualified resident.
AI Summary
This bill would amend the Property Tax Code to create a new provision allowing qualified residents in designated cultural districts to potentially reduce their property tax burden. Specifically, residents who meet certain qualifications within a cultural district (as defined by the Department of Commerce and Economic Opportunity) would be able to petition their local taxing authorities to receive a property tax abatement of up to 50% for their primary homestead property. The bill appears to be designed to provide financial relief and incentives for residents living in areas that have been officially recognized as cultural districts, potentially to support community preservation, arts, or local economic development. While the bill text provided is minimal, the government summary suggests this would be a voluntary process where residents must actively seek the tax reduction, and the final determination would be made by the relevant corporate authorities of the taxing district.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Rule 19(a) / Re-referred to Rules Committee (on 03/21/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3410&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/HB/10400HB3410.htm |
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