Illinois General Assembly - Bill Status for HB2513

Synopsis As Introduced
Amends the Property Tax Code. In provisions concerning the Historic Residence Assessment Freeze Law, provides that the fair cash value of the property shall be based on the final determination by the assessment officer, board of review, Property Tax Appeal Board, or court. Provides that, after the expiration of the 8-year valuation period, if the current fair cash value is less than the adjusted base year valuation, then the assessment shall be based on the current fair cash value. Provides that those changes are declarative of existing law.

Actions

Date	Chamber	Action
2/15/2023	House	Filed with the Clerk by Rep. Kelly M. Burke
2/15/2023	House	First Reading
2/15/2023	House	Referred to Rules Committee
2/28/2023	House	Assigned to Revenue & Finance Committee
3/9/2023	House	To Revenue - Property Tax Subcommittee
3/10/2023	House	Rule 19(a) / Re-referred to Rules Committee

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