Bill Status of HB 4424   103rd General Assembly


Short Description:  PROP TX-HISTORIC RESIDENCE

House Sponsors
Rep. Kelly M. Burke

Last Action  View All Actions

DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/10-40
35 ILCS 200/10-50

Synopsis As Introduced
Amends the Property Tax Code. In provisions concerning the Historic Residence Assessment Freeze Law, provides that the fair cash value of the property shall be based on the final determination by the assessment officer, board of review, Property Tax Appeal Board, or court. Provides that, after the expiration of the 8-year valuation period, if the current fair cash value is less than the adjusted base year valuation, then the assessment shall be based on the current fair cash value. Provides that the changes are declarative of existing law.

Actions 
DateChamber Action
  1/11/2024HouseFiled with the Clerk by Rep. Kelly M. Burke
  1/16/2024HouseFirst Reading
  1/16/2024HouseReferred to Rules Committee
  2/28/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue - Property Tax Subcommittee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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