SB 3498

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

Property Tax-2% Assessment Cap

Abstract

Amends the Property Tax Code. Provides that, for assessment years following the next general assessment after the effective date of the amendatory Act, no increase in assessment may exceed 2% per year. Provides exceptions for the valuation of property that is sold, transferred, or conveyed during the taxable year and for new improvements.

Bill Sponsors (1)

Votes


No votes to display

Actions


Jan 13, 2015

Senate

Session Sine Die

Mar 28, 2014

Senate

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

Mar 21, 2014

Senate

To Subcommittee on Property Tax

Mar 05, 2014

Senate

Assigned to Revenue

Feb 14, 2014

Senate

Filed with Secretary by Sen. Matt Murphy

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.