IL SB0690 | 2015-2016 | 99th General Assembly

Illinois Senate Bill 690 (Prior Session Legislation)

Status

Spectrum: Bipartisan Bill
Status: Introduced on February 3 2015 - 25% progression, died in committee
Action: 2015-10-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides that, for assessment years following the next general assessment after the effective date of the amendatory Act, no increase in assessment may exceed 2% per year. Provides exceptions for the valuation of property that is sold, transferred, or conveyed during the taxable year and for new improvements.

Title

PROPERTY TAX-2% ASSESSMENT CAP

History

Date	Chamber	Action
2015-10-10	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
2015-05-15	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015
2015-05-14	Senate	Added as Co-Sponsor Sen. Jennifer Bertino-Tarrant
2015-04-24	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015
2015-03-27	Senate	Rule 2-10 Committee Deadline Established As April 24, 2015
2015-03-19	Senate	To Subcommittee on Property Tax
2015-03-03	Senate	Assigned to Revenue
2015-02-03	Senate	Referred to Assignments
2015-02-03	Senate	First Reading
2015-02-03	Senate	Filed with Secretary by Sen. Matt Murphy

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
35	200	9-145	Amended Code	Citation Text

Illinois State Sources

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=690&GAID=13&DocTypeID=SB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/SB/09900SB0690.htm