Illinois General Assembly - Bill Status for SB0690
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 Bill Status of SB0690  99th General Assembly


Short Description:  PROPERTY TAX-2% ASSESSMENT CAP

Senate Sponsors
Sen. Matt Murphy and Jennifer Bertino-Tarrant

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

Statutes Amended In Order of Appearance
35 ILCS 200/9-145


Synopsis As Introduced
Amends the Property Tax Code. Provides that, for assessment years following the next general assessment after the effective date of the amendatory Act, no increase in assessment may exceed 2% per year. Provides exceptions for the valuation of property that is sold, transferred, or conveyed during the taxable year and for new improvements.

Actions 
DateChamber Action
  2/3/2015SenateFiled with Secretary by Sen. Matt Murphy
  2/3/2015SenateFirst Reading
  2/3/2015SenateReferred to Assignments
  3/3/2015SenateAssigned to Revenue
  3/19/2015SenateTo Subcommittee on Property Tax
  3/27/2015SenateRule 2-10 Committee Deadline Established As April 24, 2015
  4/24/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015
  5/14/2015SenateAdded as Co-Sponsor Sen. Jennifer Bertino-Tarrant
  5/15/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015
  10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  1/10/2017SenateSession Sine Die

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