KRAUSE-HAMOS. 35 ILCS 200/15-163 new Amends the Property Tax Code. Creates a housing opportunity exemption. Contains a caption only. HOUSE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 200/15-163 new Adds reference to: 35 ILCS 200/15-5 35 ILCS 200/15-181 new 30 ILCS 805/8.26 new Deletes everything after the enacting clause. Amends the Property Tax Code. Creates the Housing Choice Exemption. Provides that the owner of a qualified rental unit located in a qualified area is entitled to an annual Housing Choice Exemption limited to a reduction in the equalized assessed value of the residential rental property of $10,000 per qualified unit (up to 2 per property); however, the total amount of the exemption shall not exceed 20% of the equalized assessed value of the property. Provides that the exemption is available for residential rental units rented to persons holding Section 8 vouchers issued by a housing authority, if the rental unit is located in a designated low-poverty area. Allows municipalities, except for municipalities with 1,000,000 or more inhabitants, to be disqualified from the exemption provisions if the rental patterns in the municipality meet certain requirements. Amends the State Mandates Act to require implementation without reimbursement from the State. FEB-06-2002 H FILED WITH CLERK FEB-06-2002 H FIRST READING FEB-06-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-14-2002 H ASSIGNED TO COMMITTEE REVENUE FEB-14-2002 H PRIMARY SPONSOR CHANGED TO KRAUSE FEB-14-2002 H ADDED AS A JOINT SPONSOR HAMOS FEB-22-2002 H AMENDMENT NO. 01-REVENUE H FEB-22-2002 H ADOPTED SUBCOM FEB-22-2002 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HREV FEB-22-2002 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-22-2002 H SECOND READING-SHORT DEBATE MAR-22-2002 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-05-2002 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary