Bill Text: IL HB0218 | 2009-2010 | 96th General Assembly | Introduced

---

Bill Title: Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Requires the Department of Revenue to conduct a study to determine the effects and feasibility of assessing property in the State at 100% rather than at 33 1/3% of its fair cash value. Requires the Department to submit a report to the Governor and the General Assembly no later than January 1, 2010 concerning the study. Effective immediately.

Sponsorship: Bipartisan Bill

Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee [HB0218 Detail]

Download: Illinois-2009-HB0218-Introduced.html

---

96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB0218 Introduced 1/20/2009, by Rep. Timothy L. Schmitz SYNOPSIS AS INTRODUCED:
20 ILCS 2505/2505-560 new
Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Requires the Department of Revenue to conduct a study to determine the effects and feasibility of assessing property in the State at 100% rather than at 33 1/3% of its fair cash value. Requires the Department to submit a report to the Governor and the General Assembly no later than January 1, 2010 concerning the study. Effective immediately.
LRB096 03024 HLH 13038 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB0218 LRB096 03024 HLH 13038 b
AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Department of Revenue Law of the Civil
Administrative Code of Illinois is amended by adding Section
2505-560 as follows:
(20 ILCS 2505/2505-560 new)
Sec. 2505-560. Study concerning property tax assessment
procedures. The Department must conduct a study to determine
the effects and feasibility of assessing property in the State
at 100% rather than at 33 1/3% of its fair cash value. The
study must consider, without limitation, the effect that the
change in valuation would have on property tax rates, the
distribution of the property tax burden on taxpayers, and the
value of exemptions. No later than January 1, 2010, the
Department must submit a report to the Governor and the General
Assembly concerning the study under this Section.
Section 99. Effective date. This Act takes effect upon
becoming law.