Bill Status of SB 686   100th General Assembly

Short Description:  PROPERTY TAX-ASSESSMENT CAP

Senate Sponsors
Sen. Julie A. Morrison-Thomas Cullerton-Bill Cunningham-Melinda Bush

Last Action  View All Actions

DateChamber Action
  1/9/2019SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/9-145

Synopsis As Introduced
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 20% per year. Provides exceptions if: (1) the property is sold, transferred, or conveyed during the taxable year; (2) significant improvements were made to the property; (3) a homestead exemption or other preferential method of assessment was removed with respect to that property during the taxable year; or (4) the increase was due to an equalization factor imposed by the township, county, or Department of Revenue. Effective immediately.

Actions 
DateChamber Action
  1/26/2017SenateFiled with Secretary by Sen. Julie A. Morrison
  1/26/2017SenateFirst Reading
  1/26/2017SenateReferred to Assignments
  1/26/2017SenateAdded as Chief Co-Sponsor Sen. Thomas Cullerton
  2/8/2017SenateAssigned to Revenue
  2/10/2017SenateAdded as Chief Co-Sponsor Sen. Bill Cunningham
  2/22/2017SenateTo Subcommittee on Property Taxes
  2/28/2017SenateAdded as Chief Co-Sponsor Sen. Melinda Bush
  3/17/2017SenateRule 2-10 Committee Deadline Established As April 7, 2017
  4/7/2017SenateRule 2-10 Committee Deadline Established As May 5, 2017
  5/5/2017SenateRule 3-9(a) / Re-referred to Assignments
  1/9/2019SenateSession Sine Die

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