IL HB4913 | 2009-2010 | 96th General Assembly

Status

Sponsorship: Partisan Bill (Republican 6)
Status: Introduced on January 13 2010 - 25% progression, died in committee
Action: 2010-03-15 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides that, for the purposes of the definition of 33 1/3%, the fair cash value of property is determined by the lesser of: (1) the Department of Revenue's sales ratio studies for the 3 most recent years preceding the assessment year; or (2) the valuation of the property in the year immediately preceding the assessment year (under the current law, the fair cash value is based on the sales ratio studies). Effective immediately.

Tracking Information

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Title

PROP TX-ASSESSMENTS

Sponsors


History

DateChamberAction
2010-03-15 Rule 19(a) / Re-referred to Rules Committee
2010-02-22 Assigned to Revenue & Finance Committee
2010-02-16 Chief Co-Sponsor Changed to Rep. Angelo Saviano
2010-02-16 Chief Co-Sponsor Changed to Rep. Michael P. McAuliffe
2010-02-16 Chief Co-Sponsor Changed to Rep. Suzanne Bassi
2010-02-16 Added Chief Co-Sponsor Rep. Angelo Saviano
2010-02-16 Added Chief Co-Sponsor Rep. Michael P. McAuliffe
2010-02-16 Added Chief Co-Sponsor Rep. RenĂ©e Kosel
2010-02-16 Added Chief Co-Sponsor Rep. Suzanne Bassi
2010-02-11 Added Co-Sponsor Rep. Elizabeth Coulson
2010-01-15 Referred to Rules Committee
2010-01-15 First Reading
2010-01-13 Filed with the Clerk by Rep. Sidney H. Mathias

Illinois State Sources


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