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RE TRANSFER TX- HOUSING ASSIST

Amends the Real Estate Transfer Tax Law in the Property Tax Code. Makes changes to the amount of the tax imposed based upon the amount set forth in the transfer declaration. Amends the Illinois Affordable Housing Act. Requires that 20% of the moneys appropriated to the Affordable Housing Program Trust Fund be used to pay costs of crediting or preserving permanent supportive housing and sets forth requirements for these expenditures. Defines "permanent supportive housing". Makes other changes.

Latest Actions
  • 05/31/2008 - Rule 2-10 Third Reading Deadline Established As January 13, 2009
  • 12/03/2007 - Pursuant to Senate Rule 3-9(b) / Referred to Rules
  • 05/31/2007 - Rule 2-10 Third Reading Deadline Extended to December 31, 2007
  • 05/31/2007 - Rule 2-10 Third Reading Deadline Established As December 31, 2007
  • 03/30/2007 - Rule 2-10 Third Reading Deadline Extended to May 31, 2007

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Bill Text
File name Last Updated
SB0445 Bill Text Introduced PDF07/03/2007