Loading chat...

IL HB2625

Bill

Status

Failed

1/8/2019

Primary Sponsor

Laura Fine

Click for details

Origin

House of Representatives

100th General Assembly

AI Summary

  • Creates a tax abatement for commercial property owners who install permeable surfaces, allowing taxing districts to abate taxes upon majority vote of their governing body.

  • Limits the abatement to a maximum of $20 per square foot of permeable surface installed and restricts the benefit to the first taxable year following installation.

  • Requires the permeable surface to be installed by a person holding at least one specified certification from the Interlocking Concrete Pavement Institute (CPI, ARPT, CPT, or PICP) or the National Ready Mixed Concrete Association (Pervious Concrete Technician, Installer, or Craftsman).

  • Defines "permeable surface" as a near-zero-slump, open-graded material composed of portland cement, coarse aggregate, minimal fine aggregate, admixtures, and water.

  • Takes effect immediately upon becoming law.

Legislative Description

PROP TX-COMMERCIAL ABATEMENT

Last Action

Session Sine Die

1/8/2019

Committee Referrals

Rules3/31/2017
Property Tax3/9/2017
Revenue & Finance2/22/2017
Rules2/8/2017

Full Bill Text

No bill text available