Illinois HB3410 allows qualified residents in cultural districts to petition for a property tax abatement.
Illinois HB3410 amends the Property Tax Code to introduce a cultural heritage abatement. Qualified residents in cultural districts designated by the Department of Commerce and Economic Opportunity can petition the corporate authorities of any taxing district in which they reside to abate up to one-half of the property tax levied against their homestead property. A "qualified resident" is defined as someone who represents the culture indicated in the cultural district as threatened by displacement or is a member of a protected class.
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