Illinois General Assembly - Bill Status for SB3694

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Bill Status of SB3694 101st General Assembly

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Short Description: PROP TX-LIMIT ASSESSMENT

Senate Sponsors
Sen. Steve McClure

Last Action

Date	Chamber	Action
1/13/2021	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/9-156 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that, beginning in taxable year 2021, the assessed value of any parcel of residential real property may not exceed the assessed value of that property for the immediately preceding assessment year by more than the percentage change in the Consumer Price Index unless improvements have been made to the property requiring a building permit or ownership of the property has been transferred due to a sale since the property's last general assessment. Effective immediately.

Actions

Date	Chamber	Action
2/14/2020	Senate	Filed with Secretary by Sen. Steve McClure
2/14/2020	Senate	First Reading
2/14/2020	Senate	Referred to Assignments
1/13/2021	Senate	Session Sine Die

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