Illinois General Assembly

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 Bill Status of SB3259  98th General Assembly


Short Description:  PROP TX-COMMERCIAL PROPERTY

Senate Sponsors
Sen. Michael W. Frerichs - David Koehler and Gary Forby

House Sponsors
(Rep. Chad Hays - Brandon W. Phelps - Frank J. Mautino - Jay Hoffman - Keith P. Sommer, Ann Williams, Cynthia Soto, Christian L. Mitchell, Al Riley, Jerry F. Costello, II, Mike Bost, Patrick J. Verschoore, Anthony DeLuca, Kelly Burke, Robert F. Martwick, Daniel V. Beiser, Robert Rita, Norine Hammond, Naomi D. Jakobsson, Arthur Turner, John D'Amico, La Shawn K. Ford, Deborah Conroy, Stephanie A. Kifowit, Lou Lang, C.D. Davidsmeyer, Josh Harms, Darlene J. Senger, John M. Cabello, Raymond Poe, Michael P. McAuliffe, Dwight Kay, Patricia R. Bellock, Michael Unes, Jil Tracy, Tom Demmer, Donald L. Moffitt, Charles E. Meier, Ed Sullivan, Jr., David Reis, Katherine Cloonen, Mike Smiddy, John D. Cavaletto, John D. Anthony and Camille Y. Lilly)

Last Action
DateChamber Action
  7/7/2014SenatePublic Act . . . . . . . . . 98-0702

Statutes Amended In Order of Appearance
35 ILCS 200/18-184.15 new


Synopsis As Introduced
Amends the Property Tax Code. Creates an abatement for property that (i) is used exclusively for commercial or industrial purposes and (ii) has been rebuilt following a natural disaster occurring in taxable year 2013 or any taxable year thereafter. Effective immediately.

Senate Committee Amendment No. 1
Deletes reference to:
35 ILCS 200/18-184.15 new
Adds reference to:
35 ILCS 200/Art. 10 Div. 19 heading new
35 ILCS 200/10-700 new

Replaces everything after the enacting clause. Amends the Property Tax Code. Creates a special valuation method for commercial or industrial property that (i) is owned and used by a small business and (ii) has been rebuilt following a natural disaster occurring in taxable year 2013 or any taxable year thereafter. Provides that the property shall be valued at the lesser of (i) its modified equalized assessed value or (ii) 33 1/3% of its fair cash value. Provides that the property's modified equalized assessed value is (i) the equalized assessed value of the property for the taxable year immediately preceding the year in which the natural disaster occurred for the first taxable year after the natural disaster occurs and (ii) the modified equalized assessed value of the property for the previous taxable year, increased by 4%, for the second taxable year after the natural disaster occurs and thereafter. Provides that the valuation applies only if the structure is rebuilt within 2 years after the date of the natural disaster and the square footage of the rebuilt structure is not more than 110% of the square footage of the original structure as it existed immediately before the natural disaster. Effective immediately.

House Floor Amendment No. 4
Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill with changes. Provides that the valuation applies only in the case of an occurrence of widespread or severe damage or loss of property resulting from a tornado or combination of tornadoes (instead of a "natural disaster"). Provides that qualified commercial and industrial property shall be valued at the lesser of (i) its modified equalized assessed value or (ii) 33 1/3% of its fair cash value or, in the case of property located in a county that classifies property for purposes of taxation in accordance with Section 4 of Article IX of the Constitution, the percentage of fair cash value as required by county ordinance (in the engrossed bill, the lesser of its modified equalized assessed value or 33 1/3% of its fair cash value). Effective immediately.

Actions 
DateChamber Action
  2/14/2014SenateFiled with Secretary by Sen. Michael W. Frerichs
  2/14/2014SenateFirst Reading
  2/14/2014SenateReferred to Assignments
  2/25/2014SenateAssigned to Revenue
  3/4/2014SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Michael W. Frerichs
  3/4/2014SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/5/2014SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  3/5/2014SenateSenate Committee Amendment No. 1 Adopted
  3/6/2014SenateDo Pass as Amended Revenue; 010-000-000
  3/6/2014SenatePlaced on Calendar Order of 2nd Reading March 19, 2014
  3/6/2014SenateAdded as Chief Co-Sponsor Sen. David Koehler
  3/19/2014SenateAdded as Co-Sponsor Sen. Gary Forby
  3/20/2014SenateSecond Reading
  3/20/2014SenatePlaced on Calendar Order of 3rd Reading March 21, 2014
  4/1/2014SenateThird Reading - Passed; 053-000-001
  4/1/2014HouseArrived in House
  4/1/2014HouseChief House Sponsor Rep. Chad Hays
  4/1/2014HouseFirst Reading
  4/1/2014HouseReferred to Rules Committee
  4/4/2014HouseAdded Alternate Chief Co-Sponsor Rep. Brandon W. Phelps
  4/4/2014HouseAdded Alternate Chief Co-Sponsor Rep. Frank J. Mautino
  4/4/2014HouseAdded Alternate Chief Co-Sponsor Rep. Jay Hoffman
  4/4/2014HouseAdded Alternate Chief Co-Sponsor Rep. Keith P. Sommer
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Ann Williams
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Cynthia Soto
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Christian L. Mitchell
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Al Riley
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Jerry F. Costello, II
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Mike Bost
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Patrick J. Verschoore
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Anthony DeLuca
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Kelly Burke
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Robert F. Martwick
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Daniel V. Beiser
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Robert Rita
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Norine Hammond
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Naomi D. Jakobsson
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Arthur Turner
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. John D'Amico
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. La Shawn K. Ford
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Deborah Conroy
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Stephanie A. Kifowit
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Lou Lang
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. C.D. Davidsmeyer
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Josh Harms
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Darlene J. Senger
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. John M. Cabello
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Raymond Poe
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Michael P. McAuliffe
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Dwight Kay
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Patricia R. Bellock
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Michael Unes
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Jil Tracy
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Tom Demmer
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Donald L. Moffitt
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Charles E. Meier
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. Ed Sullivan, Jr.
  4/4/2014HouseAdded Alternate Co-Sponsor Rep. David Reis
  4/23/2014HouseAssigned to Revenue & Finance Committee
  4/24/2014HouseTo Property Tax Subcommittee
  5/16/2014HouseRule 19(a) / Re-referred to Rules Committee
  5/21/2014HouseAssigned to Revenue & Finance Committee
  5/21/2014HouseCommittee Deadline Extended-Rule 9(b) May 30, 2014
  5/23/2014HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Chad Hays
  5/23/2014HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  5/23/2014HouseFinal Action Deadline Extended-9(b) May 30, 2014
  5/26/2014HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Chad Hays
  5/26/2014HouseHouse Committee Amendment No. 2 Referred to Rules Committee
  5/27/2014HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000
  5/27/2014HouseRemains in Revenue & Finance Committee
  5/27/2014HouseDo Pass / Short Debate Revenue & Finance Committee; 010-000-000
  5/27/2014HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  5/27/2014HouseHouse Committee Amendment No. 2 Tabled Pursuant to Rule 40
  5/27/2014HousePlaced on Calendar 2nd Reading - Short Debate
  5/27/2014HouseSecond Reading - Short Debate
  5/27/2014HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/27/2014HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. Chad Hays
  5/27/2014HouseHouse Floor Amendment No. 3 Referred to Rules Committee
  5/28/2014HouseHouse Floor Amendment No. 4 Filed with Clerk by Rep. Chad Hays
  5/28/2014HouseHouse Floor Amendment No. 4 Referred to Rules Committee
  5/29/2014HouseHouse Floor Amendment No. 4 Recommends Be Adopted Rules Committee; 004-000-000
  5/29/2014HouseRecalled to Second Reading - Short Debate
  5/29/2014HouseHouse Floor Amendment No. 4 Adopted
  5/29/2014HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/29/2014HouseThird Reading - Short Debate - Passed 114-000-001
  5/29/2014HouseAdded Alternate Co-Sponsor Rep. Katherine Cloonen
  5/29/2014HouseAdded Alternate Co-Sponsor Rep. Mike Smiddy
  5/29/2014HouseAdded Alternate Co-Sponsor Rep. John D. Cavaletto
  5/29/2014HouseAdded Alternate Co-Sponsor Rep. John D. Anthony
  5/29/2014HouseAdded Alternate Co-Sponsor Rep. Camille Y. Lilly
  5/29/2014SenateSecretary's Desk - Concurrence House Amendment(s) 4
  5/29/2014SenatePlaced on Calendar Order of Concurrence House Amendment(s) 4 - May 30, 2014
  5/29/2014SenateHouse Floor Amendment No. 4 Motion to Concur Filed with Secretary Sen. Michael W. Frerichs
  5/29/2014SenateHouse Floor Amendment No. 4 Motion to Concur Referred to Assignments
  5/30/2014SenateHouse Floor Amendment No. 4 Motion to Concur Assignments Referred to State Government and Veterans Affairs
  5/30/2014SenateHouse Floor Amendment No. 4 Motion To Concur Recommended Do Adopt State Government and Veterans Affairs; 010-000-000
  5/30/2014SenateHouse Floor Amendment No. 4 Senate Concurs 057-000-000
  5/30/2014SenatePassed Both Houses
  6/27/2014SenateSent to the Governor
  7/7/2014SenateGovernor Approved
  7/7/2014SenateEffective Date July 7, 2014
  7/7/2014SenatePublic Act . . . . . . . . . 98-0702

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