iOS app Android app More

City Helping Divorcing Homeowners


First Posted: 10- 7-08 12:43 PM   |   Updated: 11- 7-08 05:12 AM

I Like ItI Don’t Like It
Divorce

In a rare case of aldermen defying Mayor Richard Daley, a City Council panel voted today to approve an ordinance that would prevent the city from collecting real estate transfer taxes when properties change hands in a divorce.

The City Council's Finance Committee unanimously passed the measure, which was introduced by the panel's chairman, Ald. Edward Burke (14th). The full council could give the ordinance final approval Wednesday.

The commissioner of Daley's Revenue Department, Bea Reyna-Hickey, had urged the committee to reject the proposal.


Read the entire article here.

Filed by Seth Maxon  |  Report Corrections