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

Statutes Amended In Order of Appearance

35 ILCS 200/10-30

35 ILCS 200/10-31

Synopsis As Introduced
Amends the Property Tax Code. In provisions concerning the assessment of subdivisions, provides that the subsequent sale or transfer of the property by a party who acquired title pursuant to (i) a transfer as a mortgage holder, (ii) a mortgage foreclosure proceeding, (iii) a consent judgment or (iv) a transfer in lieu of foreclosure, shall not disqualify the property from being assessed based on the estimated price the property would bring at a fair voluntary sale for use by the buyer for the same purposes for which the property was used when last assessed prior to its platting (or, until January 1, 2011, assessed based on the assessed value assigned to the property when last assessed prior to its last transfer or conveyance) unless (A) a habitable structure is completed on the lot or (B) the lot is used for business, commercial, or residential purpose or (C) until the initial sale of any platted lot. Effective immediately.

Actions 

Date	Chamber	Action
4/21/2010	House	Filed with the Clerk by Rep. Tom Cross
4/22/2010	House	First Reading
4/22/2010	House	Referred to Rules Committee
1/11/2011	House	Session Sine Die

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