Illinois General Assembly - Bill Status for HB0331
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 Bill Status of HB0331  99th General Assembly

Short Description:  PROP TX-PPV LEASES

House Sponsors
Rep. Jay Hoffman - Eddie Lee Jackson, Sr.

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/10-385 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that a taxable PPV lease that (i) encumbers exempt real property located within a county of less than 1,000,000 inhabitants and (ii) is related to taxable real property used for military housing purposes may be assessed and valued pursuant to the terms of a real property tax assessment settlement agreement executed between the local county assessment officials and the taxpayer. Provides that those provisions apply to appeals that were pending as of January 1, 2006 or thereafter. Contains provisions concerning the settlement agreements. Effective immediately.

DateChamber Action
  1/28/2015HouseFiled with the Clerk by Rep. Jay Hoffman
  1/28/2015HouseFirst Reading
  1/28/2015HouseReferred to Rules Committee
  2/13/2015HouseAssigned to Revenue & Finance Committee
  2/19/2015HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
  2/19/2015HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  2/20/2015HouseTo Property Tax Subcommittee
  3/10/2015HouseAdded Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr.
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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