IL SB2225 | 2011-2012 | 97th General Assembly


Status

January 8 2013 - Session Sine Die
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.

Tracking Information

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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

DateChamberAction
2013-01-08SenateSession Sine Die
2011-05-31HouseRule 19(a) / Re-referred to Rules Committee
2011-05-27HouseFinal Action Deadline Extended-9(b) May 31, 2011
2011-05-20HouseFinal Action Deadline Extended-9(b) May 27, 2011
2011-05-16HouseMotion to Suspend Rule 25 - Prevailed by Voice Vote
2011-05-16HouseMotion Filed to Suspend Rule 25 Revenue & Finance Committee; Rep. Barbara Flynn Currie
2011-05-13HouseCommittee Deadline Extended-Rule 9(b) May 20, 2011
2011-04-25HouseAssigned to Revenue & Finance Committee
2011-04-15HouseReferred to Rules Committee
2011-04-15HouseChief House Sponsor Rep. Tom Cross
2011-04-15HousePlaced on Calendar Order of First Reading
2011-04-15HouseArrived in House
2011-04-15SenateThird Reading - Passed; 054-001-001
2011-04-11SenatePlaced on Calendar Order of 3rd Reading April 12, 2011
2011-04-11SenateSenate Floor Amendment No. 1 Adopted; Wilhelmi
2011-04-11SenateSecond Reading
2011-04-06SenateSenate Floor Amendment No. 1 Recommend Do Adopt Revenue; 007-000-000
2011-03-29SenateSenate Floor Amendment No. 1 Postponed - Revenue
2011-03-29SenateSenate Floor Amendment No. 1 Assignments Refers to Revenue
2011-03-25SenateSenate Floor Amendment No. 1 Referred to Assignments
2011-03-25SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. A. J. Wilhelmi
2011-03-17SenatePlaced on Calendar Order of 2nd Reading March 17, 2011
2011-03-17SenateDo Pass Revenue; 009-000-000
2011-03-10SenatePostponed - Revenue
2011-03-04SenateAdded as Co-Sponsor Sen. Kyle McCarter
2011-03-02SenateAssigned to Revenue
2011-02-10SenateReferred to Assignments
2011-02-10SenateFirst Reading
2011-02-10SenateFiled with Secretary by Sen. A. J. Wilhelmi

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520010-31Amended CodeCitation Text

Illinois State Sources


Bill Comments

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