Rep. Wyvetter H. Younge
Filed: 7/15/2008
 
 

 




 

 		












09500HB2477ham001

LRB095 00897 HLH 52111 a






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AMENDMENT TO HOUSE BILL 2477




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    AMENDMENT NO. ______. Amend House Bill 2477 by replacing 
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everything after the enacting clause with the following:

 
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    "Section 5. The Property Tax Code is amended  by changing 
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Section 16-60 as follows:
 



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    (35 ILCS 200/16-60)



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    Sec. 16-60. Equalization within counties - Publication and 
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hearing. 
After notice and hearing as required by Section 
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12-40, the board of review
may increase or reduce the entire 
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assessment, or the assessment of any class
included therein, 
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if, in its opinion, the assessment has not been made upon the

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proper basis.  The board may also equalize the assessment in any 
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multi-township
or township, or part thereof, or any portion of 
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the county. For taxable year 2008 and thereafter, in the case 
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of a township that has any territory that overlaps any 
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territory of a city that has been certified and designated as a 
 


 






09500HB2477ham001
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LRB095 00897 HLH 52111 a




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financially distressed city pursuant to the Financially 
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Distressed City Law, no equalization factor shall be applied to 
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the township by the board of review to raise the equalized 
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aggregate assessed valuation of the township to more than  105% 
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of the aggregate assessed valuation of the township. 

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(Source: P.A. 86-345; 86-413; 86-1028; 86-1481; 88-455.)

 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.".