REAL HOUSING ACT

Summary

The REAL Housing Act establishes a Middle Housing Incentive Program, lowers the use tax on qualified residential building materials to 1.25%, and extends the Veteran Property Tax Relief Reimbursement Pilot through 2030. It also lets local governments opt in to receive extra state revenue for property‑tax relief and sets new limits on residential real‑estate commissions. The goal is to reduce overall housing expenses and give Illinois families more disposable income.

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