SB 1436

  • Illinois Senate Bill
  • 93rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Prop Tax-5% Assessment Cap

Abstract

Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, the assessment made in each general assessment year shall be no more than a 5% increase over the assessment made in the most recent general assessment year if (i) the property is classified as residential property and (ii) the owner of the property has continuously occupied the residence for at least 5 years immediately prior to the general assessment year. Effective immediately.

Bill Sponsors (1)

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Jan 11, 2005

Senate

Session Sine Die

Mar 14, 2003

Senate

Rule 3-9(a) / Re-referred to Rules

Mar 13, 2003

Senate

Postponed - Revenue

Mar 06, 2003

Senate

Postponed - Revenue

Feb 27, 2003

Senate

Chief Sponsor Changed to Sen. Miguel del Valle

Senate

Assigned to Revenue

Feb 20, 2003

Senate

Filed with Secretary by Sen. Larry D. Woolard

Senate

Referred to Rules

Senate

First Reading

Bill Text

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