Full Text of SB1498 93rd General Assembly
SB1498ham010 93RD GENERAL ASSEMBLY
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William B. Black
Filed: 02/19/04
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LRB093 06568 BDD 47681 a |
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| AMENDMENT TO SENATE BILL 1498
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| 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
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| 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
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| on page 15, by replacing lines 19 and 20 with the following: |
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09300SB1498ham010 |
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LRB093 06568 BDD 47681 a |
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| " 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 ".
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