PROP TX-HOUSING CREDITS House SponsorsRep. Arthur L. Turner 1/11/2011HouseSession Sine Die 35 ILCS 200/15-65 Amends the Property Tax Code. Provides that property that qualifies for a charitable exemption shall not lose its exemption because the property is owned by a partnership or limited liability company that is organized for the purposes of owning and operating residential rental property if (i) the charitable organization is a general partner of the partnership or a managing member of the limited liability company and (ii) the partnership or limited liability company has received an allocation of Low Income Housing Tax Credits for at least 50% of the dwelling units (instead of 100%). Effective immediately. 2/8/2010HouseFiled with the Clerk by Rep. Arthur L. Turner 2/9/2010HouseFirst Reading 2/9/2010HouseReferred to Rules Committee 2/22/2010HouseAssigned to Revenue & Finance Committee 3/15/2010HouseRule 19(a) / Re-referred to Rules Committee 1/11/2011HouseSession Sine Die