HB 5303

  • Illinois House Bill
  • 95th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-Farmland Assessment

Abstract

Amends the Property Tax Code. Provides that if a barn is improved for the purpose of preserving the integrity of the internal and external features of the structure as a barn then, beginning with the assessment year immediately following the completion of the improvements, the value of those improvements is not included in the fair cash value of the barn. Provides that this special valuation applies only to structures that have been first placed in service as a barn prior to 1937. Effective immediately.

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Jan 13, 2009

House

Session Sine Die

Mar 14, 2008

House

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

Feb 20, 2008

House

Assigned to Revenue Committee

Feb 15, 2008

House

Added Chief Co-Sponsor Rep. Tom Cross

Feb 14, 2008

House

Filed with the Clerk by Rep. Patricia Reid Lindner

House

Referred to Rules Committee

House

First Reading

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