SB 690

  • Illinois Senate Bill
  • 99th 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)

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Jan 10, 2017

Senate

Session Sine Die

Oct 10, 2015

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

May 15, 2015

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015

May 14, 2015

Senate

Added as Co-Sponsor Sen. Jennifer Bertino-Tarrant

Apr 24, 2015

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015

Mar 27, 2015

Senate

Rule 2-10 Committee Deadline Established As April 24, 2015

Mar 19, 2015

Senate

To Subcommittee on Property Tax

Mar 03, 2015

Senate

Assigned to Revenue

Feb 03, 2015

Senate

Filed with Secretary by Sen. Matt Murphy

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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