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<xml>
<title>Illinois General Assembly - Bill Status for SB 3243         </title>
<shortdesc>REAL ESTATE TRANSFER REVENUE</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Ram Villivalam, Christopher Belt, Laura Fine, Iris Y. Martinez, Jacqueline Y. Collins-Robert Peters-Ann Gillespie, Antonio Muņoz-Celina Villanueva-Mattie Hunter, Omar Aquino, Patricia Van Pelt and Emil Jones, III</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>65 ILCS 5/8-3-19</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Municipal Code. Provides that a home rule municipality with a population in excess of 1,000,000 may restructure the rates of an existing real estate transfer tax to specified amounts. Provides that if the municipality increases the real estate transfer tax rates as provided in this subsection, then of the entire proceeds received from the real estate transfer tax, 75% shall be dedicated to the city's general budget and 25% shall be dedicated to housing and services to combat homelessness.</SynopsisText></synopsis>
<actions>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Ram Villivalam</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Christopher Belt</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Laura Fine</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Iris Y. Martinez</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Jacqueline Y. Collins</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Robert Peters</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Ann Gillespie</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Antonio Muņoz</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Celina Villanueva</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Mattie Hunter</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Omar Aquino</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Patricia Van Pelt</action>
<statusdate>2/18/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Emil Jones, III</action>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

