IL SB1598 | 2017-2018 | 100th General Assembly

Status

Spectrum: Bipartisan Bill
Status: Engrossed on April 27 2017 - 50% progression
Action: 2017-05-24 - Placed on Calendar Order of 3rd Reading - Short Debate
Text: Latest bill text (Engrossed) [HTML]

Summary

Amends the Property Tax Code. Provides that the valuation procedures for PPV leases sunsets on January 1, 2056 (currently, January 1, 2016). Provides that the definition of "net operating income" is the same for naval training facilities as it is for other military training facilities. Makes changes concerning the calculation of the fair cash value of a PPV Lease. Effective immediately.

Tracking Information

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Title

PROP TX-PPV LEASES

Sponsors


Roll Calls

2017-04-27 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]

History

DateChamberAction
2017-05-24HousePlaced on Calendar Order of 3rd Reading - Short Debate
2017-05-24HouseHouse Floor Amendment No. 1 Adopted
2017-05-24HouseSecond Reading - Short Debate
2017-05-24HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000
2017-05-23HouseHouse Floor Amendment No. 1 Referred to Rules Committee
2017-05-23HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Rita Mayfield
2017-05-18HousePlaced on Calendar 2nd Reading - Short Debate
2017-05-17HouseDo Pass / Short Debate Revenue & Finance Committee; 007-000-000
2017-05-11HouseAdded Alternate Chief Co-Sponsor Rep. Barbara Wheeler
2017-05-09HouseAssigned to Revenue & Finance Committee
2017-04-27HouseReferred to Rules Committee
2017-04-27HouseFirst Reading
2017-04-27HouseChief House Sponsor Rep. Rita Mayfield
2017-04-27HouseArrived in House
2017-04-27SenateThird Reading - Passed; 056-000-000
2017-04-25SenatePlaced on Calendar Order of 3rd Reading April 26, 2017
2017-04-25SenateSecond Reading
2017-03-16SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff
2017-03-16SenatePlaced on Calendar Order of 2nd Reading March 28, 2017
2017-03-16SenateDo Pass as Amended Revenue; 008-000-000
2017-03-15SenateSenate Committee Amendment No. 2 Adopted
2017-03-15SenateSenate Committee Amendment No. 1 Adopted
2017-03-15SenateSenate Committee Amendment No. 2 Assignments Refers to Revenue
2017-03-09SenateSenate Committee Amendment No. 1 Postponed - Revenue
2017-03-09SenatePostponed - Revenue
2017-03-08SenateSenate Committee Amendment No. 2 Referred to Assignments
2017-03-08SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Terry Link
2017-03-07SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
2017-03-02SenateSenate Committee Amendment No. 1 Referred to Assignments
2017-03-02SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Terry Link
2017-02-28SenateAssigned to Revenue
2017-02-09SenateReferred to Assignments
2017-02-09SenateFirst Reading
2017-02-09SenateFiled with Secretary by Sen. Terry Link

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520010-365Amended CodeCitation Text
3520010-370Amended CodeCitation Text
3520010-375Amended CodeCitation Text
3520010-380Amended CodeCitation Text

Illinois State Sources


Bill Comments

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