Date	Chamber	Action
3/3/2006	House	Rule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance

35 ILCS 200/15-148 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that, beginning with the 2005 assessment year, qualified timberland shall be assessed at 33 1/3% of the lesser of: (i) its value; or (ii) $500 per acre. Defines "qualified timberland" as any parcel of unimproved real property that is timberland and that: (1) does not qualify as cropland, permanent pasture, other farmland, or wasteland; and (2) is not managed under a forestry management plan so as to be considered as "other farmland". Effective immediately.

House Amendment No. 1

	Deletes reference to:
	35 ILCS 200/15-148 new

	Adds reference to:
	35 ILCS 200/10-148 new

Deletes everything after the enacting clause. Amends the Property Tax Code. Provides that if, during the 2005 taxable year, certain wooded land was valued based upon its productivity index equalized assessed value as cropland, then the Department of Revenue must accept any similar valuation of that wooded land for the 2006 and 2007 taxable years. Effective immediately.

	Housing Affordability Impact Note (H-AM 1)(Housing Development Authority)
	The future use of or possible residential improvements to any qualifying property is unknown at this time.

	Fiscal Note (H-AM 1)(Department of Revenue)
	HB 4175 (H-AM 1) will not have a direct impact on State revenues, nor will it have a significant fiscal impact on the Illinois Department of Revenue.

Actions 

Date	Chamber	Action
11/2/2005	House	Filed with the Clerk by Rep. Kurt M. Granberg
11/2/2005	House	First Reading
11/2/2005	House	Referred to Rules Committee
1/4/2006	House	Added Chief Co-Sponsor Rep. Jack D. Franks
1/11/2006	House	Assigned to Revenue Committee
1/26/2006	House	Added Chief Co-Sponsor Rep. Brandon W. Phelps
1/26/2006	House	Added Chief Co-Sponsor Rep. Frank J. Mautino
1/26/2006	House	Added Chief Co-Sponsor Rep. Dan Reitz
1/26/2006	House	Added Co-Sponsor Rep. Daniel V. Beiser
1/26/2006	House	Added Co-Sponsor Rep. Mike Boland
1/26/2006	House	Added Co-Sponsor Rep. John E. Bradley
1/26/2006	House	Added Co-Sponsor Rep. Robert F. Flider
1/26/2006	House	Added Co-Sponsor Rep. Gary Hannig
1/26/2006	House	Added Co-Sponsor Rep. Jay C. Hoffman
1/26/2006	House	Added Co-Sponsor Rep. Thomas Holbrook
1/26/2006	House	Added Co-Sponsor Rep. Charles E. Jefferson
1/26/2006	House	Added Co-Sponsor Rep. Jack McGuire
1/26/2006	House	Added Co-Sponsor Rep. Patrick J Verschoore
2/1/2006	House	Added Co-Sponsor Rep. David R. Leitch
2/1/2006	House	Added Co-Sponsor Rep. Aaron Schock
2/8/2006	House	Added Co-Sponsor Rep. Rich Brauer
2/9/2006	House	Remove Chief Co-Sponsor Rep. Frank J. Mautino
2/16/2006	House	House Amendment No. 1 Filed with Clerk by Revenue Committee
2/16/2006	House	House Amendment No. 1 Adopted in Revenue Committee; by Voice Vote
2/16/2006	House	Do Pass as Amended / Short Debate Revenue Committee; 012-000-000
2/16/2006	House	Placed on Calendar 2nd Reading - Short Debate
2/16/2006	House	Removed Co-Sponsor Rep. Patrick J Verschoore
2/21/2006	House	Housing Affordability Impact Note Filed As Amended by HA 1
2/22/2006	House	Added Co-Sponsor Rep. David Reis
2/23/2006	House	Fiscal Note Filed As Amended by HA 1
2/28/2006	House	Second Reading - Short Debate
2/28/2006	House	Held on Calendar Order of Second Reading - Short Debate
3/3/2006	House	Rule 19(a) / Re-referred to Rules Committee

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