Bill Title: Amends the Property Tax Code. Provides that, if a taxpayer objects to all or any part of a property tax for any year based on an assessment, the taxpayer may elect to (i) pay all of the tax due or (ii) pay the amount of tax due for the year for which a tax objection complaint will be filed in compliance with Section 23-10, minus the amount attributable to any portion of the amount of the reduction in assessed value. Contains provisions concerning notice and penalties. Effective immediately.

Sponsorship: Bipartisan Bill

Status: (Failed) 2015-01-13 - Session Sine Die [SB1403 Detail]

Text: Latest bill text (Amended) [HTML]

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