KUBIK-O'BRIEN-BRUNSVOLD. 35 ILCS 200/Art. 10, Division 10, heading new 35 ILCS 200/10-230 new 35 ILCS 200/23-23 new Amends the Property Tax Code. Provides that during the transition period established under the Public Utilities Act for the deregulation of the generation of electricity the assessed valuation of electric generating stations shall be frozen at the valuation for tax year 1995. Authorizes subsequent reduction of 5% per year. Limits total reduction to 80% of the 1995 valuation. Effective immediately. FISCAL NOTE (Dpt. Revenue) HB2383 does not create a fiscal impact to the State. Potential loss to some local taxing districts could total $13.4 million. 97-10-28 H FIRST READING 97-10-28 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-11-12 H FISCAL NOTE FILED 97-11-12 H COMMITTEE RULES 97-11-13 H ASSIGNED TO COMMITTEE REVENUE 98-01-02 H RE-REFERRED TO RULES COMM/RULE 19(B) RULES HRUL 98-01-22 H PRIMARY SPONSOR CHANGED TO KUBIK 98-01-22 H ADDED AS A JOINT SPONSOR O'BRIEN 98-01-22 H ADDED AS A CO-SPONSOR BRUNSVOLD 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary