Bill Text: IL HB2944 | 2009-2010 | 96th General Assembly | Introduced


Bill Title: Amends the Property Tax Code. Makes a technical change in a Section concerning the definition of "33 1/3%".

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2009-04-03 - Rule 19(a) / Re-referred to Rules Committee [HB2944 Detail]

Download: Illinois-2009-HB2944-Introduced.html


96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB2944

Introduced 2/24/2009, by Rep. Tom Cross

SYNOPSIS AS INTRODUCED:
35 ILCS 200/1-55

Amends the Property Tax Code. Makes a technical change in a Section concerning the definition of "33 1/3%".
LRB096 08789 RCE 18922 b

A BILL FOR

HB2944 LRB096 08789 RCE 18922 b
1 AN ACT concerning revenue.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Property Tax Code is amended by changing
5 Section 1-55 as follows:
6 (35 ILCS 200/1-55)
7 Sec. 1-55. 33 1/3%. One-third of the the fair cash value of
8 property, as determined by the Department's sales ratio studies
9 for the 3 most recent years preceding the assessment year,
10 adjusted to take into account any changes in assessment levels
11 implemented since the data for the studies were collected.
12 (Source: P.A. 86-1481; 87-877; 88-455.)
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