IL SB3013

Creates property tax incentives for newly constructed or rehabilitated rental properties with 6+ units where owners commit to maintaining at least 20% of units as affordable (rents at or below 60% area median income) for 20 years

Mandates Cook County (3,000,000+ inhabitants) establish this tax incentive program, while smaller counties may opt in through county board ordinance approval

Provides graduated assessment reductions: 100% reduction years 1-3, 80% years 4-6, 60% years 7-9, 40% years 10-12, and 20% years 13-20 after construction/rehabilitation completion

Authorizes the Attorney General to enforce affordable housing plan requirements, including notifying the State Comptroller and Treasurer to intercept transportation and motor fuel tax funds from non-compliant local governments

Expands appeal rights to the State Housing Appeals Board, allowing community members and interested parties (not just developers) to appeal decisions they believe render affordable housing provision infeasible