HB 5049

  • Illinois House Bill
  • 97th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-Assessments

Abstract

Amends the Property Tax Code. Provides that, for the purposes of the definition of 33 1/3%, the fair cash value of property is determined by the lesser of: (1) the Department of Revenue's sales ratio studies for the 3 most recent years preceding the assessment year; or (2) the valuation of the property in the prior year (under the current law, the fair cash value is based on the sales ratio studies).

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Jan 08, 2013

House

Session Sine Die

Feb 21, 2012

House

Added Chief Co-Sponsor Rep. Raymond Poe

House

Added Chief Co-Sponsor Rep. JoAnn D. Osmond

House

Added Co-Sponsor Rep. Tom Cross

House

Added Co-Sponsor Rep. Timothy L. Schmitz

House

Added Co-Sponsor Rep. Sidney H. Mathias

Feb 16, 2012

House

Added Chief Co-Sponsor Rep. Randy Ramey, Jr.

House

Added Chief Co-Sponsor Rep. Angelo Saviano

Feb 07, 2012

House

First Reading

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. Dennis M. Reboletti

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