IL HB4456

Amends the Property Tax Code Section 15-65 to add a new category (g) for property tax exemption for community-integrated living arrangements.

Property qualifies for exemption if operated by a not-for-profit organization, or if privately operated and meets four conditions: owned by a resident, family member, or LLC with a resident member; houses at least one non-family resident; is licensed under the Community-Integrated Living Arrangements Licensure and Certification Act; and the owner does not operate any other community-integrated living arrangement.

Defines "community-integrated living arrangement" by reference to Section 3 of the Community-Integrated Living Arrangements Licensure and Certification Act.

Defines "family member" to include spouses, civil union partners, children, stepchildren, grandchildren, siblings, aunts, uncles, nieces, nephews, first cousins, parents, stepparents, and grandparents of residents.

Effective immediately.