Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/1-50

35 ILCS 200/9-144 new

30 ILCS 805/8.34 new

Synopsis As Introduced
Creates the Acquisition-Based Assessment Law and amends the Property Tax Code concerning acquisition-based assessments. Sets forth an alternative method of calculating fair cash value based on recent purchase prices, subject to certain maximum changes. Provides that the alternative valuation procedures apply in Cook County and in other counties that adopt those procedures by ordinance. Amends the State Mandates Act to require implementation without reimbursement by the State. Effective immediately.

Actions 

Date	Chamber	Action
2/4/2010	House	Filed with the Clerk by Rep. John A. Fritchey
2/4/2010	House	Chief Co-Sponsor Rep. Kevin Joyce
2/5/2010	House	First Reading
2/5/2010	House	Referred to Rules Committee
2/23/2010	House	Assigned to Revenue & Finance Committee
3/2/2010	House	Added Chief Co-Sponsor Rep. Greg Harris
3/4/2010	House	Added Chief Co-Sponsor Rep. Sara Feigenholtz
3/15/2010	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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