Date	Chamber	Action
1/9/2007	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/20-3 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that, notwithstanding any other law to the contrary, for taxable years 2005 and 2006, the rate on any tax imposed under the Act may not be increased from the rate imposed in the 2004 taxable year. A school district, however, may increase property tax rates by referendum. Provides that, notwithstanding any other law to the contrary, for taxable years 2005 and 2006, the equalized assessed value of property shall be the same as the equalized assessed value of that property for the 2004 taxable year. If, however, a parcel of property is improved during taxable year 2005 or 2006, the assessment of that property shall be the assessment for the 2004 taxable year plus the increase in assessed value solely as a result of the improvement and, once the 2004 assessment is increased to reflect an improvement, the assessment for that property shall remain the same for the duration of the assessment freeze period. Effective immediately.

Actions 

Date	Chamber	Action
1/28/2005	House	Filed with the Clerk by Rep. Jack D. Franks
1/31/2005	House	First Reading
1/31/2005	House	Referred to Rules Committee
2/3/2005	House	Assigned to Revenue Committee
2/15/2005	House	Added Co-Sponsor Rep. Mike Boland
3/10/2005	House	Rule 19(a) / Re-referred to Rules Committee
1/9/2007	House	Session Sine Die

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