Bill Status of HB 5303   95th General Assembly

Short Description:  PROP TX-FARMLAND ASSESSMENT

House Sponsors
Rep. Patricia Reid Lindner-Tom Cross

Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/10-146 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that if a barn is improved for the purpose of preserving the integrity of the internal and external features of the structure as a barn then, beginning with the assessment year immediately following the completion of the improvements, the value of those improvements is not included in the fair cash value of the barn. Provides that this special valuation applies only to structures that have been first placed in service as a barn prior to 1937. Effective immediately.

Actions 
DateChamber Action
  2/14/2008HouseFiled with the Clerk by Rep. Patricia Reid Lindner
  2/14/2008HouseFirst Reading
  2/14/2008HouseReferred to Rules Committee
  2/15/2008HouseAdded Chief Co-Sponsor Rep. Tom Cross
  2/20/2008HouseAssigned to Revenue Committee
  3/14/2008HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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