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Tax News

Tax News2019-08-30T14:42:31+00:00

Affordable Housing in Illinois, Update

March 17, 2023|Categories: Development Projects, Illinois|

The affordable housing landscape has changed dramatically with the passage of 35 ILCS 200/15-178 and a subsequent amendment through Senate Bill 3895. In recent years, jurisdictions have begun requiring that residential developments include on-site affordable housing units.  To offset the cost of on-site affordable housing, Springfield has created two new avenues by which affordable housing developers can realize significant tax benefits. [...]

1st installment 2022 Cook County tax bill due date moved to April 3, 2023

January 4, 2023|Categories: Cook County|

CHICAGO, Jan. 4, 2023 /PRNewswire/ -- Cook County property owners will have an extra month to pay their First Installment property taxes this year, and their bills are already available online. Governor J.B. Pritzker signed HB 5189 into law last month making Monday, April 3, 2023, the new due date. Property taxes are mailed twice a year. First Installment bills [...]

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