Illinois General Assembly - Bill Status for HB2049
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 Bill Status of HB2049  97th General Assembly

Short Description:  PROP TX-ASSESSMENTS

House Sponsors
Rep. Dennis M. Reboletti - Sandy Cole - Dwight Kay - Timothy L. Schmitz

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/1-55

Synopsis As Introduced
Amends the Property Tax Code. Provides that, for the purposes of the definition of 33 1/3%, the fair cash value of property is determined by the lesser of: (1) the Department of Revenue's sales ratio studies for the 3 most recent years preceding the assessment year; or (2) the valuation of the property in the prior year (under the current law, the fair cash value is based on the sales ratio studies).

DateChamber Action
  2/17/2011HouseFiled with the Clerk by Rep. Dennis M. Reboletti
  2/17/2011HouseFirst Reading
  2/17/2011HouseReferred to Rules Committee
  2/23/2011HouseAssigned to Revenue & Finance Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  7/20/2011HouseAdded Chief Co-Sponsor Rep. Sandy Cole
  7/21/2011HouseAdded Chief Co-Sponsor Rep. Dwight Kay
  11/9/2011HouseAdded Chief Co-Sponsor Rep. Timothy L. Schmitz
  1/8/2013HouseSession Sine Die

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