093_HB2282ham001

 










                                     LRB093 06243 BDD 13207 a

 1                    AMENDMENT TO HOUSE BILL 2282

 2        AMENDMENT NO.     .  Amend House Bill 2282  by  replacing
 3    everything after the enacting clause with the following:

 4        "Section 5.  The Property Tax Code is amended by changing
 5    Section 1-55 as follows:

 6        (35 ILCS 200/1-55)
 7        Sec.  1-55.   33  1/3%.  "33 1/3%" means one-third of the
 8    fair  cash  value  of  property,   as   determined   by   the
 9    Department's  sales ratio studies for the 3 most recent years
10    preceding the assessment year, adjusted to take into  account
11    any  changes  in assessment levels implemented since the data
12    for the studies were collected.
13    (Source: P.A. 86-1481; 87-877; 88-455.)".