DART-LYONS,JOSEPH-WOJCIK-BLACK, O'BRIEN, FRANKS, MCAULIFFE AND CROTTY. 35 ILCS 200/10-355 new 30 ILCS 805/8.25 new Amends the Property Tax Code. Provides that, for the taxable year 2002 and thereafter, the assessed value of real property owned and used by certain fraternal organizations, or their subordinate organizations or entities, that are exempt entities under Section 501(c)(8) of the Internal Revenue Code and whose members provide support for charitable works shall be established by the chief county assessment officer at 15% of the final assessed value of the property for the assessment year 2001, or if the property meets the qualifications for the reduced assessment after assessment year 2002, the final assessed value shall be 15% of the final assessed value of the property for the assessment year in which the property first meets the qualifications. Effective January 1, 2002. HOUSE AMENDMENT NO. 1. Provides that certain fraternal organizations that on December 31, 1926 had their national headquarters in Illinois or that were chartered in Illinois in July of 1896 may qualify for the property tax valuation. FISCAL NOTE (Department of Revenue) HB 223 does not create a fiscal impact to the State, but could result in a significant loss in property tax receipts for local taxing districts. JAN-16-2001 H FILED WITH CLERK JAN-25-2001 H ADDED AS A JOINT SPONSOR LYONS,JOSEPH JAN-30-2001 H FIRST READING JAN-30-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES JAN-31-2001 H ASSIGNED TO COMMITTEE REVENUE FEB-07-2001 H ADDED AS A CO-SPONSOR O'BRIEN FEB-07-2001 H ADDED AS A CO-SPONSOR SCHMITZ FEB-20-2001 H ADDED AS A CO-SPONSOR FRANKS FEB-22-2001 H ADDED AS A JOINT SPONSOR WOJCIK FEB-23-2001 H ADDED AS A JOINT SPONSOR BLACK MAR-15-2001 H ADDED AS A CO-SPONSOR MCAULIFFE MAR-16-2001 H AMENDMENT NO. 01-REVENUE H MAR-16-2001 H ADOPTED MAR-16-2001 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HREV MAR-16-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-20-2001 H SECOND READING-SHORT DEBATE MAR-20-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAR-22-2001 H FISCAL NOTE FILED MAR-22-2001 H CALENDAR ORDER 3RD READING-SHORT DEBATE APR-05-2001 H ADDED AS A CO-SPONSOR CROTTY APR-06-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary