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91_HB1987ham001
LRB9103274PTpkam01
1 AMENDMENT TO HOUSE BILL 1987
2 AMENDMENT NO. . Amend House Bill 1987 on page 1,
3 lines 2 and 6, after "1-130", each time it appears by
4 inserting "and by adding Division 11 to Article 10"; and
5 on page 1, below line 22, by inserting the following:
6 "(35 ILCS 200/Art. 10, Div. 11 heading new)
7 DIVISION 11. LOW-INCOME HOUSING
8 (35 ILCS 200/10-235 new)
9 Sec. 10-235. Low-income housing. In determining the
10 fair cash value of property receiving benefits from the
11 Low-Income Housing Tax Credit authorized by Section 42 of the
12 Internal Revenue Code, 26 U.S.C. 42, emphasis shall be given
13 to the income approach, where appropriate.".