Date	Chamber	Action
1/10/2017	House	Session 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 

Date	Chamber	Action
2/11/2016	House	Filed with the Clerk by Rep. Michael P. McAuliffe
2/11/2016	House	First Reading
2/11/2016	House	Referred to Rules Committee
1/10/2017	House	Session Sine Die

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