IllinoisHB3466104th General Assembly (2025–2026)House

PROP TX-AFFORDABLE HOUSING

Sponsored By: Will Guzzardi (Democratic)

In Committee

Summary

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.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Will Guzzardi

    Democratic • House

Cosponsors

  • Aarón M. Ortíz

    Democratic • House

  • Abdelnasser Rashid

    Democratic • House

  • Anna Moeller

    Democratic • House

  • Hoan Huynh

    Democratic • House

  • Kevin John Olickal

    Democratic • House

  • La Shawn K. Ford

    Democratic • House

  • Lindsey LaPointe

    Democratic • House

  • Martha Deuter

    Democratic • House

  • Nabeela Syed

    Democratic • House

  • Nicolle Grasse

    Democratic • House

  • Norma Hernandez

    Democratic • House

  • Thaddeus Jones

    Democratic • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added Co-Sponsor Rep. Aarón M. Ortíz

    4/22/2025House
  2. Added Co-Sponsor Rep. Nicolle Grasse

    4/11/2025House
  3. Added Co-Sponsor Rep. La Shawn K. Ford

    4/11/2025House
  4. Added Co-Sponsor Rep. Hoan Huynh

    4/7/2025House
  5. Added Co-Sponsor Rep. Nabeela Syed

    4/4/2025House
  6. Added Co-Sponsor Rep. Lindsey LaPointe

    4/2/2025House
  7. Added Co-Sponsor Rep. Anna Moeller

    3/26/2025House
  8. Added Co-Sponsor Rep. Thaddeus Jones

    3/26/2025House
  9. Added Co-Sponsor Rep. Kevin John Olickal

    3/26/2025House
  10. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  11. To Property Tax Subcommittee

    3/13/2025House
  12. Added Chief Co-Sponsor Rep. Martha Deuter

    3/12/2025House
  13. Chief Co-Sponsor Changed to Rep. Abdelnasser Rashid

    3/12/2025House
  14. Added Chief Co-Sponsor Rep. Abdelnasser Rashid

    3/12/2025House
  15. Assigned to Revenue & Finance Committee

    3/11/2025House
  16. Added Co-Sponsor Rep. Norma Hernandez

    3/11/2025House
  17. Referred to Rules Committee

    2/18/2025House
  18. First Reading

    2/18/2025House
  19. Filed with the Clerk by Rep. Will Guzzardi

    2/7/2025House

Bill Text

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