Bill Title: Amends the Property Tax Code. Provides that provisions requiring boards of review and the Property Tax Appeal Board to consider compulsory sales for the purpose of revising and correcting assessments apply only to complaints affecting assessments for assessment years 2011 through 2016. Provides that boards of review shall consider compulsory sales in the equalization process only in assessment years 2011 through 2016. Provides that, beginning on the effective date of the amendatory Act, transfer declarations are no longer required to state whether the transfer is pursuant to compulsory sale. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-09 - Session Sine Die [SB0056 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2017-01-11	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB0056

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0056 currently on file.

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