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IL HB4229

Bill

Official Source

Status

Failed

1/7/2025

Primary Sponsor

Amy Grant

Click for details

Origin

House of Representatives

103rd General Assembly

AI Summary

  • Amends the Property Tax Code to add licensed day care facilities to the list of properties exempt from taxation when used for charitable or beneficent purposes
  • Exemption applies beginning in taxable year 2024 to licensed day care facilities that are not in-home facilities, operate less than 24 hours per day, and are organized as non-profit organizations
  • Qualifying facilities must be actually and exclusively used for charitable or beneficent purposes and not leased or used with a view to profit
  • Exemption applies to the existing categories of charitable organizations including institutions of public charity, beneficent organizations, elderly care facilities, health maintenance organizations, public libraries, and historical societies

Legislative Description

PROP TX-DAY CARE CENTERS

Last Action

Session Sine Die

1/7/2025

Committee Referrals

Rules4/5/2024
Property Tax3/8/2024
Revenue & Finance2/14/2024
Rules11/8/2023

Full Bill Text

No bill text available