House Sponsors: CURRIE. Senate Sponsors: WALSH,T Short description: RIVERBOAT GAMBLING-INCREASE TX Synopsis of Bill as introduced: Amends the Property Tax Code. In Cook County, (i) requires disclosure of certain information in valuation appeals concerning commercial or industrial properties and (ii) sets certain requirements when an appeal requests a change in assessed value of $100,000 or more. With respect to the Property Tax Appeal Board, provides (i) that in an appeal to PTAB there is a rebuttable presumption that the board of review decision is correct, (ii) in a "market value" appeal the applicant has a "preponderance" burden of proof, and (iii) in a "uniformity" appeal the appellant has a "clear and convincing" burden of proof. Requires "debasing the market value" for certain assessments. Sets requirements for opinion testimony. Makes other changes. Effective immediately. FISCAL NOTE (Property Tax Appeal Board) HB 2381 would not require the expenditure of State funds. Likewise, it would not affect State revenues. STATE MANDATE NOTE (Dept. of Commerce and Community Affairs) In the opinion of DCCA, HB 2381 creates a due process mandate for which reimbursement of the increased costs to units of local government is not required under the State Mandates Act. HOME RULE NOTE (Dept. of Commerce and Community Affairs) HB 2381 does not preempt home rule authority. SENATE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 200/16-169 new 35 ILCS 200/16-170 35 ILCS 200/16-180 Adds reference to: 230 ILCS 10/12 from Ch. 120, par. 2412 230 ILCS 10/13 from Ch. 120, par. 2413 Deletes everything. Amends the Riverboat Gambling Act. Increases the wagering tax rate and the admissions tax. Effective immediately. Last action on Bill: PUBLIC ACT.............................. 92-0595 Last action date: JUN-28-2002 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status