Bill Status of HB 1558   99th General Assembly


Short Description:  PROP TX-TORNADO DISASTER

House Sponsors
Rep. Chad Hays

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/10-700

Synopsis As Introduced
Amends the Property Tax Code. In a Section concerning the valuation of commercial or industrial property that has been rebuilt following a tornado disaster, provides for a partial reduction in equalized assessed value if the square footage of the rebuilt structure exceeds 110% of the square footage of the original structure (currently, property is not entitled to a reduction if the square footage of the rebuilt structure exceeds 110% of the square footage of the original structure). Effective immediately.

Actions 
DateChamber Action
  2/9/2015HouseFiled with the Clerk by Rep. Chad Hays
  2/9/2015HouseFirst Reading
  2/9/2015HouseReferred to Rules Committee
  2/24/2015HouseAssigned to Revenue & Finance Committee
  2/26/2015HouseTo Property Tax Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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