093_HB2282ham001
LRB093 06243 BDD 13207 a
1 AMENDMENT TO HOUSE BILL 2282
2 AMENDMENT NO. . Amend House Bill 2282 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%. "33 1/3%" means one-third of the
8 fair cash value of property, as determined by the
9 Department's sales ratio studies for the 3 most recent years
10 preceding the assessment year, adjusted to take into account
11 any changes in assessment levels implemented since the data
12 for the studies were collected.
13 (Source: P.A. 86-1481; 87-877; 88-455.)".