Amends the Property Tax Code. For the purposes of determining the fair cash value of a supportive living facility using the income capitalization approach, provides that gross potential income must not exceed the maximum individual Supplemental Security Income (SSI) amount, minus a resident's personal allowance, multiplied by the number of apartments authorized by the supportive living facility certification. Effective immediately.

Statutes affected:
Introduced: 35 ILCS 200/10
Engrossed: 35 ILCS 200/10
Enrolled: 30 ILCS 500/45, 35 ILCS 5/207, 35 ILCS 5/236, 35 ILCS 5/237, 35 ILCS 5/704, 35 ILCS 120/5, 35 ILCS 200/18, 35 ILCS 630/2, 35 ILCS 640/2, 220 ILCS 5/9, 415 ILCS 5/52, 815 ILCS 710/6
Public Act: 30 ILCS 500/45, 35 ILCS 5/207, 35 ILCS 5/236, 35 ILCS 5/237, 35 ILCS 5/704, 35 ILCS 120/5, 35 ILCS 200/18, 35 ILCS 630/2, 35 ILCS 640/2, 220 ILCS 5/9, 415 ILCS 5/52, 815 ILCS 710/6