Bill Status of HB 5505   98th General Assembly


Short Description:  PROP TX-POLLUTION FACILITIES

House Sponsors
Rep. Brandon W. Phelps and David McSweeney

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/9-45
35 ILCS 200/11-10
35 ILCS 200/11-15
35 ILCS 200/11-25

Synopsis As Introduced
Amends the Property Tax Code. Provides that property that is used for refining crude oil located in a county of less than 1,000,000 inhabitants, as to which litigation with respect to its assessed valuation is pending or was pending as of January 1, 2011, may be the subject of a real property tax assessment settlement agreement among the taxpayer and taxing districts in which it is situated. Provides that wind turbines and ethanol producing facilities (other than systems, methods, construction, devices, or appliances appurtenant to ethanol producing facilities) are not considered pollution control facilities. In a Section concerning valuation for pollution control facilities, provides that the Department of Revenue shall, when reasonable, (now, the Department "shall") consider certain factors when determining the fair cash value of the facility. Provides that the effective date of a pollution control facility certificate is January 1 of the year in which the certificate is issued. Effective immediately.

Actions 
DateChamber Action
  2/13/2014HouseFiled with the Clerk by Rep. Brandon W. Phelps
  2/13/2014HouseFirst Reading
  2/13/2014HouseReferred to Rules Committee
  3/20/2014HouseAssigned to Revenue & Finance Committee
  3/21/2014HouseTo Property Tax Subcommittee
  3/27/2014HouseAdded Co-Sponsor Rep. David McSweeney
  3/28/2014HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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