Illinois 104th General Assembly Status: Introduced 13 D cosponsors

HB3466      — PROP TX-AFFORDABLE HOUSING

Last action — Added Co-Sponsor Rep. Aarón M. Ortíz

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

This bill has been introduced in the House. Introduced February 07, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

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.

Bill Text

We don't have the full text on file for this bill yet.

Read HB3466 on the official Illinois source →

Action History

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

  2. Added Co-Sponsor Rep. Nicolle Grasse

  3. Added Co-Sponsor Rep. La Shawn K. Ford

  4. Added Co-Sponsor Rep. Hoan Huynh

  5. Added Co-Sponsor Rep. Nabeela Syed

  6. Added Co-Sponsor Rep. Lindsey LaPointe

  7. Added Co-Sponsor Rep. Anna Moeller

  8. Added Co-Sponsor Rep. Thaddeus Jones

  9. Added Co-Sponsor Rep. Kevin John Olickal

  10. Rule 19(a) / Re-referred to Rules Committee

  11. To Property Tax Subcommittee

  12. Added Chief Co-Sponsor Rep. Martha Deuter

  13. Chief Co-Sponsor Changed to Rep. Abdelnasser Rashid

  14. Added Chief Co-Sponsor Rep. Abdelnasser Rashid

  15. Assigned to Revenue & Finance Committee

  16. Added Co-Sponsor Rep. Norma Hernandez

  17. Referred to Rules Committee

  18. First Reading

  19. Filed with the Clerk by Rep. Will Guzzardi

Sponsors

Sponsorship breakdown

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1 sponsors · 12 co-sponsors · 170 not signed on

Sponsors (1)

Co-sponsors (12)

Not signed on (170)

170 members have not signed on to this bill.

Show all 170 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB3466      do?
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.
Who sponsors HB3466     ?
HB3466      is sponsored by Will Guzzardi (Democrat), Abdelnasser Rashid (Democrat), Martha Deuter (Democrat), Norma Hernandez (Democrat), Kevin John Olickal (Democrat), Thaddeus Jones (Democrat), Anna Moeller (Democrat), Lindsey LaPointe (Democrat), Nabeela Syed (Democrat), Hoan Huynh (Democrat), La Shawn K. Ford (Democrat), Nicolle Grasse (Democrat), and Aarón M. Ortíz (Democrat).
What is the current status of HB3466     ?
This bill has been introduced in the House. Introduced February 07, 2025. It must pass committee before a floor vote.
Where can I track HB3466     ?
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Last checked for changes 3 months ago · updated continuously

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