Illinois General Assembly - Bill Status for HB2049

Synopsis As Introduced
Amends the Property Tax Code. Provides that, for the purposes of the definition of 33 1/3%, the fair cash value of property is determined by the lesser of: (1) the Department of Revenue's sales ratio studies for the 3 most recent years preceding the assessment year; or (2) the valuation of the property in the prior year (under the current law, the fair cash value is based on the sales ratio studies).

Actions

Date	Chamber	Action
2/17/2011	House	Filed with the Clerk by Rep. Dennis M. Reboletti
2/17/2011	House	First Reading
2/17/2011	House	Referred to Rules Committee
2/23/2011	House	Assigned to Revenue & Finance Committee
3/17/2011	House	Rule 19(a) / Re-referred to Rules Committee
7/20/2011	House	Added Chief Co-Sponsor Rep. Sandy Cole
7/21/2011	House	Added Chief Co-Sponsor Rep. Dwight Kay
11/9/2011	House	Added Chief Co-Sponsor Rep. Timothy L. Schmitz
1/8/2013	House	Session Sine Die

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