Illinois General Assembly - Full Text of SB1825
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Full Text of SB1825  96th General Assembly

SB1825ham001 96TH GENERAL ASSEMBLY

Executive Committee

Filed: 5/27/2009

 

 


 

 


 
09600SB1825ham001 LRB096 09385 WGH 27526 a

1
AMENDMENT TO SENATE BILL 1825

2     AMENDMENT NO. ______. Amend Senate Bill 1825 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The Property Tax Code is amended by changing
5 Section 1-55 as follows:
 
6     (35 ILCS 200/1-55)
7     Sec. 1-55. 33 1/3%. One-third of the the fair cash value of
8 property, as determined by the Department's sales ratio studies
9 for the 3 most recent years preceding the assessment year,
10 adjusted to take into account any changes in assessment levels
11 implemented since the data for the studies were collected.
12 (Source: P.A. 86-1481; 87-877; 88-455.)".