William B. Black

Filed: 02/19/04

 

 


 

 


 
09300SB1498ham010 LRB093 06568 BDD 47681 a

1
AMENDMENT TO SENATE BILL 1498

2     AMENDMENT NO. ______. Amend Senate Bill 1498, AS AMENDED,
3 with reference to page and line numbers of House Amendment No.
4 7, on page 8, by replacing lines 29 through 31 with the
5 following:
6 "the payment of property taxes. Before taxable year 2004, the
7 maximum reduction shall be $2,500 in counties with 3,000,000 or
8 more inhabitants and $2,000 in all other counties. For taxable
9 years 2004 and thereafter, the maximum reduction shall be
10 $2,500 in all counties. For land improved with an"; and
 
11 on page 12, by replacing lines 20 through 22 with the
12 following:
13     Except as provided in Section 15-176, the maximum reduction
14 before taxable year 2004 shall be $4,500 in counties with
15 3,000,000 or more inhabitants and $3,500 in all other counties.
16 For taxable years 2004 and thereafter, the maximum reduction
17 shall be $4,500 for all counties."; and
 
18 on page 15, by replacing lines 13 and 14 with the following:
19         "the current tax year minus (i) $4,500 in Cook County
20         or $3,500 in all other counties in tax year 2003 or
21         (ii) $4,500 in all counties in tax year 2004 and
22         thereafter."; and
 
23 on page 15, by replacing lines 19 and 20 with the following:

 

 

09300SB1498ham010 - 2 - LRB093 06568 BDD 47681 a

1         "exemptions, minus (i) $4,500 in Cook County or $3,500
2         in all other counties in tax year 2003 or (ii) $4,500
3         in all counties in tax year 2004 and thereafter,
4         provided that it was assessed for"; and
 
5 on page 16, by replacing line 2 with the following:
6     "(i) $4,500 in Cook County or $3,500 in all other counties
7     in tax year 2003 or (ii) $4,500 in all counties in tax year
8     2004 and thereafter,"; and
 
9 on page 17, by replacing line 22, with the following:
10 "less (i) $4,500 in Cook County or $3,500 in all other counties
11     in tax year 2003 or (ii) $4,500 in all counties in tax year
12     2004 and thereafter, is"; and
 
13 on page 18, by replacing lines 23 and 24 with the following:
14     "limited to the amount of (i) $4,500 in Cook County or
15     $3,500 in all other counties in tax year 2003 or (ii)
16     $4,500 in all counties in tax year 2004 and thereafter.";
17     and
 
18 on page 49, by replacing lines 2 and 3 with the following:
19 under Section 15-176 was (i) $4,500 in Cook County or $3,500 in
20 all other counties in tax year 2003 or (ii) $4,500 in all
21 counties in tax year 2004 and thereafter. The county clerk of
22 any count subject to the".