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Metro East Sen. Erica Harriss, R-Glen Carbon, announced a
package of bills on Wednesday.
Harriss said Senate Bill 3959 provides a $500 tax credit for
first-time home buyers.
“It can be carried forward up to five years. We know that the
early years of a mortgage are sometimes the hardest, so this
will help directly during those times,” Harriss said.
SB 3782 creates the Fairness in Property Tax Foreclosure Task
Force.
Harriss said Illinois is the only state in the nation that has
yet to comply with a Supreme Court ruling that governments
cannot keep excess equity after a tax foreclosure.
“This task force will ensure that we reform the system
responsibly and protect homeowners from losing the wealth they
worked a lifetime to build,” Harriss said.
Harriss also introduced SB 3781, amending the Illinois Income
Tax Act to make residential property taxes refundable.
Gov. J.B. Pritzker announced plans to address housing supply and
cost when he delivered his budget address last month.
Pritzker was asked in Chicago last week about his proposal to
make housing more affordable by giving the state authority over
local land use.
“Tweaking local regulations, that’s really what we’re talking
about, just to allow a little more in each neighborhood, in each
area and at every level,” Pritzker said.
Peoria Mayor Rita Ali expressed opposition to the plan when she
spoke in Springfield on Wednesday.
“Zoning and land use decisions are best made locally by the
officials that are elected in these communities,” Ali said.
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