92nd General Assembly
Summary of HB4137
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House Sponsors:
CURRIE-LANG.

Short description: 
PROP TAX-COOK-PTAB                                                         

Synopsis of Bill as introduced:
        Amends the Property Tax Code. With respect to  the  Property  Tax      
   Appeal Board, provides that, where property is classified for purposes      
   of  taxation  and  a  classification  ordinance  has been adopted, the      
   correct assessment for property other than residential property  of  6      
   units  or less shall be determined by debasing the market value of the      
   subject property by the ordinance level of assessment for  that  class      
   of  property.  Removes  references  to  "board of appeals".  Effective      
   immediately.                                                                
          FISCAL NOTE (Department of Revenue)                                  
          HB 4137 would not create a fiscal impact for the Department nor      
          would it impact any of the taxes the Department is required to       
          administer and collect.                                              
          STATE MANDATES NOTE                                                  
          (Illinois Department of Commerce and Community Affairs)              
          In the opinion of DCCA, HB 4137 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.       
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status