Bill Status of HB6322  98th General Assembly


Short Description:  PROP TX-TORNADO DISASTER

House Sponsors
Rep. Chad Hays

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/10-700


Synopsis As Introduced
Amends the Property Tax Code. In a Section concerning the valuation of commercial or industrial property that has been rebuilt following a tornado disaster, provides for a partial reduction in equalized assessed value if the square footage of the rebuilt structure exceeds 110% of the square footage of the original structure (currently, property is not entitled to a reduction if the square footage of the rebuilt structure exceeds 110% of the square footage of the original structure). Effective immediately.

Actions 
DateChamber Action
  11/12/2014HouseFiled with the Clerk by Rep. Chad Hays
  11/18/2014HouseFirst Reading
  11/18/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die