HB 5086

  • 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 year immediately preceding the assessment year (under the current law, the fair cash value is based on the sales ratio studies). Effective immediately.

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Jan 08, 2013

House

Session Sine Die

Mar 09, 2012

House

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

Feb 27, 2012

House

Assigned to Revenue & Finance Committee

Feb 22, 2012

House

Added Chief Co-Sponsor Rep. Tom Cross

Feb 21, 2012

House

Added Co-Sponsor Rep. JoAnn D. Osmond

House

Added Co-Sponsor Rep. Jil Tracy

House

Added Co-Sponsor Rep. Norine Hammond

House

Added Chief Co-Sponsor Rep. David Harris

House

Added Chief Co-Sponsor Rep. Dennis M. Reboletti

House

Added Co-Sponsor Rep. Raymond Poe

House

Added Co-Sponsor Rep. Sandy Cole

House

Added Co-Sponsor Rep. Darlene J. Senger

House

Added Chief Co-Sponsor Rep. Mike Fortner

Feb 07, 2012

House

Filed with the Clerk by Rep. Sidney H. Mathias

House

Referred to Rules Committee

House

First Reading

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