Bill Text: IL SB2345 | 2013-2014 | 98th General Assembly | Amended
Bill Title: Amends the Property Tax Code. In a Section concerning pollution control facilities, provides that effective date of certification as a pollution control facility shall be the later of: (i) January 1 of the year in which the facility is certified or (ii) the date of the construction or installation of the facility. Provides that the term "pollution control facility" includes, but is not limited to, ultra-low sulfur diesel equipment.
Spectrum: Bipartisan Bill
Status: (Failed) 2015-01-13 - Session Sine Die [SB2345 Detail]
Download: Illinois-2013-SB2345-Amended.html
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| 1 | AMENDMENT TO SENATE BILL 2345
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 2345 by replacing | ||||||
| 3 | everything after the enacting clause with the following:
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| 4 | "Section 5. The Property Tax Code is amended by changing | ||||||
| 5 | Section 1-55 as follows:
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| 6 | (35 ILCS 200/1-55)
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| 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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