PETERSON. 35 ILCS 200/9-182 new 30 ILCS 805/8.23 new Amends the Property Tax Code. Provides that the property on which a cellular tower is located and the improvements on that property must be assessed at 33 and one-third percent of income producing value instead of fair cash value. Provides that the Department must define by rule "income producing value". Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 99-02-03 S FIRST READING 99-02-03 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-17 S ASSIGNED TO COMMITTEE REVENUE 99-03-04 S POSTPONED 99-03-11 S TO SUBCOMMITTEE 99-03-11 S COMMITTEE REVENUE 99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary