Illinois General Assembly - Full Text of SB0572
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Full Text of SB0572  95th General Assembly

SB0572ham011 95TH GENERAL ASSEMBLY

Rep. Jim Durkin

Filed: 11/1/2007

 

 


 

 


 
09500SB0572ham011 LRB095 04708 HLH 40196 a

1
AMENDMENT TO SENATE BILL 572

2     AMENDMENT NO. ______. Amend Senate Bill 572, AS AMENDED,
3 with reference to page and line numbers of House Amendment No.
4 5, on page 54, line 15, after "may", by inserting "for a 3-year
5 period"; and
 
6 on page 55, line 4, after the period, by inserting "Any rate
7 increase imposed under this subsection (i) expires on the date
8 3 years after the date that the increased rate is imposed, and
9 any real estate transfer tax rate in the municipality is
10 reduced to the rate that applied before the rate was increased
11 under this subsection (i).".