During the past week, Illinois REALTOR® lobbyists monitored the progress of numerous bills in the Illinois General Assembly that could impact private property owners and real estate professionals, including an attempt to repeal the Rent Control Preemption Act.
Even though a subcommittee of the House Judiciary Civil Law Committee rejected House Bill 255 in 2019, Illinois REALTORS® expect the bill’s sponsor to call for a second vote later this month, according to the March 6 State Capitol Report. In anticipation of that request, REALTORS® are preparing members for a potential call for action.
In addition, REALTORS® are planning to have a witness testify in a subject matter hearing March 11 at the Bilandic Building in Chicago. Chicago Association of REALTORS® President Maurice Hampton will speak to the House Revenue and Finance Committee, on behalf of Illinois REALTORS®, in support of affordable housing property tax credits. To find out more about these issues and more, read the March 6 State Capitol Report.
The General Assembly is not scheduled to return to Springfield until March 18, the day after the general primary.