HB 6322

  • Illinois House Bill
  • 98th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-Tornado Disaster

Abstract

Amends the Property Tax Code. In a Section concerning the valuation of commercial or industrial property that has been rebuilt following a tornado disaster, provides for a partial reduction in equalized assessed value if the square footage of the rebuilt structure exceeds 110% of the square footage of the original structure (currently, property is not entitled to a reduction if the square footage of the rebuilt structure exceeds 110% of the square footage of the original structure). Effective immediately.

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Dec 03, 2014

House

Session Sine Die

Nov 18, 2014

House

First Reading

House

Referred to Rules Committee

Nov 12, 2014

House

Filed with the Clerk by Rep. Chad Hays

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