91st General Assembly
Status of HB1778
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BIGGINS-CURRIE-MATHIAS.

(JONES,E)

   35 ILCS 200/17-10                                                           

        Amends the Property Tax  Code  concerning  sales  ratio  studies.      
   Makes a technical change.                                                   
        SENATE AMENDMENT NO. 1.                                                
          Adds reference to:                                                   
          35 ILCS 200/17-5                                                     
          35 ILCS 200/17-15                                                    
          35 ILCS 200/17-20                                                    
          35 ILCS 200/17-25                                                    
          35 ILCS 200/17-30                                                    
          35 ILCS 200/17-35                                                    
          35 ILCS 200/31-10                                                    
          35 ILCS 200/31-15                                                    
          35 ILCS 200/31-25                                                    
          35 ILCS 200/31-30                                                    
          35 ILCS 200/31-35                                                    
          35 ILCS 200/31-45                                                    
          35 ILCS 200/31-47 new                                                
          35 ILCS 200/31-50                                                    
          35 ILCS 200/31-60                                                    
          35 ILCS 200/31-70                                                    
        Deletes everything.  Amends the Property Tax  Code.  Deletes  the      
   provisions  mandating  that  the  Department of Revenue apply separate      
   township equalization factors if there are substantial differences  in      
   the  assessment  level  in  the  townships.   Deletes  the  provisions      
   excepting   counties   that  elect  a  county  assessor  from  certain      
   provisions.  Provides that the Department may not include in its sales      
   ratio studies seller-paid points in the reported sales price  and  the      
   initial  sale  of  residential  property  that  has  been converted to      
   condominium property.  Deletes the provision excluding from  the  real      
   estate transfer tax the outstanding mortgage stated in the deed or the      
   document.    Changes   the   required   information  on  the  transfer      
   declaration.  Requires a verification to be included with the transfer      
   declaration.  Provides that any person  who  willfully  falsifies  the      
   real  estate  value on the declaration may be prosecuted within 5 (now      
   3) years of the act and is liable for  the  tax  due  in  addition  to      
   court-imposed fines.  Makes other changes.  Effective January 1, 2000.      
        SENATE AMENDMENT NO. 2.                                                
        Restores the provision excluding from the  real  estate  transfer      
   tax  the  outstanding  mortgage  stated in the deed or trust document.      
   Deletes the amendatory provisions including any  person  who  prepares      
   the  transfer  declaration  within  the penalty provisions of the Real      
   Estate Transfer Tax Law.                                                    
   99-02-18  H  FIRST READING                                                  
   99-02-18  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-02-24  H       ASSIGNED TO COMMITTEE               REVENUE               
   99-03-04  H  DO PASS/SHORT DEBATE                     009-000-000   HREV    
   99-03-04  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   99-03-05  H  ADDED AS A JOINT SPONSOR                 CURRIE                
   99-03-16  H  SECOND READING-SHORT DEBATE                                    
   99-03-16  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   99-03-18  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   99-03-25  H  THIRD READING/SHORT DEBATE/PASSED        098-013-004           
   99-03-25  S  ARRIVE IN SENATE                                               
   99-03-25  S  PLACED CALENDAR ORDER OF FIRST READING   99-03-26              
   99-04-01  S  CHIEF SPONSOR                            JONES,E               
   99-04-14  S  FIRST READING                                                  
   99-04-14  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-04-22  S       ASSIGNED TO COMMITTEE               REVENUE               
   99-05-06  S                             AMENDMENT NO. 01-REVENUE       S    
   99-05-06  S                                   ADOPTED                       
   99-05-06  S       DO PASS AS AMENDED                  010-000-000   SREV    
   99-05-06  S  PLACED ON CALENDAR ORDER OF 2ND READING  99-05-07              
   99-05-11  S  FILED WITH SECRETARY                                           
   99-05-11  S                             AMENDMENT NO. 02-JONES,E            
   99-05-11  S                     AMENDMENT REFERRED TO SRUL                  
   99-05-12  S                             AMENDMENT NO. 02-JONES,E            
   99-05-12  S                           RULES REFERS TO SREV                  
   99-05-12  S                             AMENDMENT NO. 02-JONES,E            
   99-05-12  S             BE APPROVED FOR CONSIDERATION SREV/009-000-000      
   99-05-12  S  SECOND READING                                                 
   99-05-12  S                             AMENDMENT NO. 02-JONES,E            
   99-05-12  S                                   ADOPTED                       
   99-05-12  S  PLACED ON CALENDAR ORDER OF 3RD READING  99-05-13              
   99-05-14  S  ADDED AS A CO-SPONSOR                    O'MALLEY              
   99-05-14  S  THIRD READING - PASSED                   050-006-001           
   99-05-14  H  ARRIVE IN HOUSE                                                
   99-05-14  H  PLACED ON CALENDAR ORDER OF CONCURRENCE  01,02                 
   99-05-17  H  MOTION FILED CONCUR                      01,02/BIGGINS         
   99-05-17  H                        MOTION REFERRED TO HRUL                  
   99-05-17  H  CALENDAR ORDER OF CONCURRENCE            01,02                 
   99-05-19  H                           RULES REFERS TO HREV/01,02            
   99-05-19  H  CALENDAR ORDER OF CONCURRENCE            01,02                 
   99-05-20  H             BE APPROVED FOR CONSIDERATION 1/HREV/007-000-000    
   99-05-20  H             BE APPROVED FOR CONSIDERATION 2/HREV/007-000-000    
   99-05-20  H  HSE CONCURS IN SEN AMENDMENTS (NO.)      01,02/109-000-001     
   99-05-20  H  PASSED BOTH HOUSES                                             
   99-05-20  H  ADDED AS A JOINT SPONSOR                 MATHIAS               
   99-06-18  H  SENT TO THE GOVERNOR                                           
   99-08-14  H  GOVERNOR APPROVED                                              
   99-08-14  H                            EFFECTIVE DATE 00-01-01              
   99-08-14  H  PUBLIC ACT.............................. 91-0555               

   END OF INQUIRY 



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