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Tuesday, July 7, 2026

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IL · SB3515CMTE · 1 COSPONSOR

PROP TX-CHARITABLE PURPOSES

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Plain-English Summary

Amends the Property Tax Code. In a provision concerning the exemption for property used for charitable or beneficent purposes, provides that the term "institution of public charity" includes a not-for-profit organization that is organized and operated primarily as an entrepreneurial support organization and that supports, mentors, and trains entrepreneurs, if the applicant provides: (i) affirmative evidence that the organization is an exempt organization under Section 501(c)(3) of the Internal R…

Source: OpenStates · fetched April 24, 2026

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