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]

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Bill Drafts

Revision	Date	Format	Source	View
Amended	2013-04-15	HTML/Text	Link	View
Amended	2013-03-13	HTML/Text	Link	View
Introduced	2013-02-06	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB1403

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1403 currently on file.