92nd General Assembly
Summary of HB2381
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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


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