|
|
Executive Committee
Filed: 5/27/2009
|
|
09600SB1825ham001 |
|
LRB096 09385 WGH 27526 a |
|
|
| 1 |
| AMENDMENT TO SENATE BILL 1825
|
| 2 |
| AMENDMENT NO. ______. Amend Senate Bill 1825 by replacing |
| 3 |
| everything after the enacting clause with the following:
|
| 4 |
| "Section 5. The Property Tax Code is amended by changing |
| 5 |
| Section 1-55 as follows:
|
| 6 |
| (35 ILCS 200/1-55)
|
| 7 |
| Sec. 1-55. 33 1/3%. One-third of the
the fair cash value of |
| 8 |
| property, as
determined by the Department's sales ratio studies |
| 9 |
| for the 3 most recent years
preceding the assessment year, |
| 10 |
| adjusted to take into account any changes in
assessment levels |
| 11 |
| implemented since the data for the studies were collected. |
| 12 |
| (Source: P.A. 86-1481; 87-877; 88-455.)".
|