HB 4424

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-Historic Residence

Abstract

Amends the Property Tax Code. In provisions concerning the Historic Residence Assessment Freeze Law, provides that the fair cash value of the property shall be based on the final determination by the assessment officer, board of review, Property Tax Appeal Board, or court. Provides that, after the expiration of the 8-year valuation period, if the current fair cash value is less than the adjusted base year valuation, then the assessment shall be based on the current fair cash value. Provides that the changes are declarative of existing law.

Bill Sponsors (1)

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Actions


Apr 05, 2024

House

Rule 19(a) / Re-referred to Rules Committee

Mar 08, 2024

House

To Revenue - Property Tax Subcommittee

Feb 28, 2024

House

Assigned to Revenue & Finance Committee

Jan 16, 2024

House

First Reading

House

Referred to Rules Committee

Jan 11, 2024

House

Filed with the Clerk by Rep. Kelly M. Burke

Bill Text

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