HB0354sam001 96TH GENERAL ASSEMBLY

Sen. Dan Kotowski

Filed: 11/30/2010

09600HB0354sam001 LRB096 05680 HLH 44258 a

AMENDMENT TO HOUSE BILL 354

AMENDMENT NO. ______. Amend House Bill 354 by replacing everything after the enacting clause with the following:

"Section 5. The Property Tax Code is amended by changing Section 1-55 as follows:

(35 ILCS 200/1-55)

Sec. 1-55. 33 1/3%. One-third of the the fair cash value of property, as determined by the Department's sales ratio studies for the 3 most recent years preceding the assessment year, adjusted to take into account any changes in assessment levels implemented since the data for the studies were collected.

(Source: P.A. 86-1481; 87-877; 88-455.)".