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Sen. Antonio Muņoz
Filed: 4/1/2014
| | 09800SB3382sam003 | | LRB098 19482 HLH 58003 a |
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1 | | AMENDMENT TO SENATE BILL 3382
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2 | | AMENDMENT NO. ______. Amend Senate Bill 3382 by replacing |
3 | | everything after the enacting clause with the following:
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4 | | "Section 5. The Property Tax Code is amended by changing |
5 | | Section 1-55 as follows:
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6 | | (35 ILCS 200/1-55)
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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.)".
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