IL SB2225 | 2011-2012 | 97th General Assembly
Status
January 8 2013 - Session Sine Die
Text: Latest bill text (Amended) [HTML]
Text: Latest bill text (Amended) [HTML]
Summary
Amends the Property Tax Code. With respect to the assessed value of subdivided lots, provides that the value is not increased upon sale or transfer if (i) the sale is for future development, (ii) the sale or transfer is to a related entity, (iii) the transfer is to a mortgage holder pursuant to mortgage foreclosure or in lieu of foreclosure, or (iv) the sale or transfer is by a mortgagee holder. Removes language that the provisions apply only through December 31, 2011. Makes other changes. Effective immediately.
Title
PROP TX-SUBDIVISIONS-VALUE
Sponsors
Roll Calls
2011-04-15 - Third Reading in Senate (Y: 54 N: 1 NV: 3 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2013-01-08 | Senate | Session Sine Die |
| 2011-05-31 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2011-05-27 | House | Final Action Deadline Extended-9(b) May 31, 2011 |
| 2011-05-20 | House | Final Action Deadline Extended-9(b) May 27, 2011 |
| 2011-05-16 | House | Motion to Suspend Rule 25 - Prevailed by Voice Vote |
| 2011-05-16 | House | Motion Filed to Suspend Rule 25 Revenue & Finance Committee; Rep. Barbara Flynn Currie |
| 2011-05-13 | House | Committee Deadline Extended-Rule 9(b) May 20, 2011 |
| 2011-04-25 | House | Assigned to Revenue & Finance Committee |
| 2011-04-15 | House | Referred to Rules Committee |
| 2011-04-15 | House | Chief House Sponsor Rep. Tom Cross |
| 2011-04-15 | House | Placed on Calendar Order of First Reading |
| 2011-04-15 | House | Arrived in House |
| 2011-04-15 | Senate | Third Reading - Passed; 054-001-001 |
| 2011-04-11 | Senate | Placed on Calendar Order of 3rd Reading April 12, 2011 |
| 2011-04-11 | Senate | Senate Floor Amendment No. 1 Adopted; Wilhelmi |
| 2011-04-11 | Senate | Second Reading |
| 2011-04-06 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Revenue; 007-000-000 |
| 2011-03-29 | Senate | Senate Floor Amendment No. 1 Postponed - Revenue |
| 2011-03-29 | Senate | Senate Floor Amendment No. 1 Assignments Refers to Revenue |
| 2011-03-25 | Senate | Senate Floor Amendment No. 1 Referred to Assignments |
| 2011-03-25 | Senate | Senate Floor Amendment No. 1 Filed with Secretary by Sen. A. J. Wilhelmi |
| 2011-03-17 | Senate | Placed on Calendar Order of 2nd Reading March 17, 2011 |
| 2011-03-17 | Senate | Do Pass Revenue; 009-000-000 |
| 2011-03-10 | Senate | Postponed - Revenue |
| 2011-03-04 | Senate | Added as Co-Sponsor Sen. Kyle McCarter |
| 2011-03-02 | Senate | Assigned to Revenue |
| 2011-02-10 | Senate | Referred to Assignments |
| 2011-02-10 | Senate | First Reading |
| 2011-02-10 | Senate | Filed with Secretary by Sen. A. J. Wilhelmi |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 200 | 10-31 | Amended Code | Citation Text |
