Illinois 101st Regular Session Status: In Committee 9 D cosponsors

SB 3243 — REAL ESTATE TRANSFER REVENUE

Last action — Added as Co-Sponsor Sen. Emil Jones, III

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 101st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Illinois Municipal Code. Provides that a home rule municipality with a population in excess of 1,000,000 may restructure the rates of an existing real estate transfer tax to specified amounts. Provides that if the municipality increases the real estate transfer tax rates as provided in this subsection, then of the entire proceeds received from the real estate transfer tax, 75% shall be dedicated to the city's general budget and 25% shall be dedicated to housing and services to combat homelessness.

Bill Text

Action History

  1. Added as Co-Sponsor Sen. Emil Jones, III

  2. Added as Co-Sponsor Sen. Patricia Van Pelt

  3. Added as Co-Sponsor Sen. Omar Aquino

  4. Added as Chief Co-Sponsor Sen. Mattie Hunter

  5. Added as Chief Co-Sponsor Sen. Celina Villanueva

  6. Added as Co-Sponsor Sen. Antonio Muñoz

  7. Added as Chief Co-Sponsor Sen. Ann Gillespie

  8. Added as Chief Co-Sponsor Sen. Robert Peters

  9. Added as Co-Sponsor Sen. Jacqueline Y. Collins

  10. Added as Co-Sponsor Sen. Iris Y. Martinez

  11. Added as Co-Sponsor Sen. Laura Fine

  12. Added as Co-Sponsor Sen. Christopher Belt

  13. Referred to Assignments

  14. First Reading

  15. Filed with Secretary by Sen. Ram Villivalam

Sponsors

Sponsorship breakdown

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0 sponsors · 13 co-sponsors · 170 not signed on

Sponsors (0)

None.

Co-sponsors (13)

Not signed on (170)

170 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

taxation housing
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Frequently asked questions

What does SB 3243 do?
Amends the Illinois Municipal Code. Provides that a home rule municipality with a population in excess of 1,000,000 may restructure the rates of an existing real estate transfer tax to specified amounts. Provides that if the municipality increases the real estate transfer tax rates as provided in this subsection, then of the entire proceeds received from the real estate transfer tax, 75% shall be dedicated to the city's general budget and 25% shall be dedicated to housing and services to combat homelessness.
Who sponsors SB 3243?
SB 3243 is sponsored by Ram Villivalam (Democrat), Robert Peters (Democrat), Ann Gillespie, Celina Villanueva (Democrat), Mattie Hunter (Democrat), Christopher Belt (Democrat), Laura Fine (Democrat), Iris Y. Martinez, Antonio Muñoz, Omar Aquino (Democrat), Lakesia Collins (Democrat), Van Pelt, and Emil Jones, III (Democrat).
What is the current status of SB 3243?
This bill died with 101st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 3243?
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Last checked for changes 3 months ago · updated continuously

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