Bill Status of HB 5763   97th General Assembly

Short Description:  PROP TX-ASSESSMENTS

House Sponsors
Rep. Sidney H. Mathias-Tom Cross-Kent Gaffney-Michael P. McAuliffe-Thomas Morrison, Dwight Kay, Mike Bost and Brad E. Halbrook

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/1-55

Synopsis As Introduced
Amends the Property Tax Code. Provides that, for the purposes of the definition of 33 1/3%, the fair cash value of property is determined by the lesser of: (1) the Department of Revenue's sales ratio studies for the 3 most recent years preceding the assessment year; or (2) the valuation of the property in the year immediately preceding the assessment year (under the current law, the fair cash value is based on the sales ratio studies). Effective immediately.

Actions 
DateChamber Action
  2/16/2012HouseFiled with the Clerk by Rep. Sidney H. Mathias
  2/16/2012HouseFirst Reading
  2/16/2012HouseReferred to Rules Committee
  2/22/2012HouseAdded Chief Co-Sponsor Rep. Tom Cross
  2/24/2012HouseAdded Chief Co-Sponsor Rep. Kent Gaffney
  2/24/2012HouseAdded Chief Co-Sponsor Rep. Michael P. McAuliffe
  2/24/2012HouseAdded Chief Co-Sponsor Rep. Thomas Morrison
  2/24/2012HouseAdded Co-Sponsor Rep. Dwight Kay
  2/24/2012HouseAdded Co-Sponsor Rep. Mike Bost
  5/10/2012HouseAdded Co-Sponsor Rep. Brad E. Halbrook
  1/8/2013HouseSession Sine Die

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