PROP TX-REFUNDS House SponsorsRep. Elaine Nekritz-Kathleen A. Ryg-Sidney H. Mathias-Robin Kelly-Julie Hamos, Karen A. Yarbrough, Elizabeth Coulson, Sandra M. Pihos, Carolyn H. Krause and Karen May Senate Sponsors(Sen. Susan Garrett and Ira I. Silverstein-M. Maggie Crotty-Don Harmon) 8/12/2005HousePublic Act . . . . . . . . . 94-0558 35 ILCS 200/23-20 Amends the Property Tax Code. Provides that property tax refunds must be paid to the taxpayer at the annual rate of the lesser of (i) 5% or (ii) the percentage increase in the Consumer Price Index For All Urban Consumers during the 12-month calendar year preceding the levy year for which the refund was made, as published by the federal Bureau of Labor Statistics (now, the interest rate is 5% per year). Effective January 1, 2006. 1/27/2005HouseFiled with the Clerk by Rep. Elaine Nekritz 1/27/2005HouseChief Co-Sponsor Rep. Kathleen A. Ryg 1/27/2005HouseFirst Reading 1/27/2005HouseReferred to Rules Committee 2/2/2005HouseAssigned to Revenue Committee 2/8/2005HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias 2/16/2005HouseAdded Chief Co-Sponsor Rep. Robin Kelly 2/18/2005HouseRecommends Be Adopted Sub-committee/ Revenue Committee; 003-000-000 2/18/2005HouseRemains in Revenue Committee 3/1/2005HouseAdded Co-Sponsor Rep. Karen A. Yarbrough 3/10/2005HouseDo Pass / Short Debate Revenue Committee; 012-000-000 3/10/2005HousePlaced on Calendar 2nd Reading - Short Debate 3/15/2005HouseSecond Reading - Short Debate 3/15/2005HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/17/2005HouseAdded Chief Co-Sponsor Rep. Julie Hamos 3/17/2005HouseAdded Co-Sponsor Rep. Elizabeth Coulson 3/17/2005HouseAdded Co-Sponsor Rep. Sandra M. Pihos 3/17/2005HouseAdded Co-Sponsor Rep. Carolyn H. Krause 3/17/2005HouseAdded Co-Sponsor Rep. Karen May 3/17/2005HouseThird Reading - Short Debate - Passed 063-048-001 3/17/2005SenateArrive in Senate 3/17/2005SenatePlaced on Calendar Order of First Reading April 6, 2005 3/21/2005SenateChief Senate Sponsor Sen. Susan Garrett 4/6/2005SenateFirst Reading 4/6/2005SenateReferred to Rules 4/7/2005SenateAdded as Alternate Co-Sponsor Sen. Ira I. Silverstein 4/13/2005SenateAssigned to Revenue 4/15/2005SenateAdded as Alternate Chief Co-Sponsor Sen. M. Maggie Crotty 4/21/2005SenateDo Pass Revenue; 010-000-000 4/21/2005SenatePlaced on Calendar Order of 2nd Reading May 3, 2005 5/11/2005SenateSecond Reading 5/11/2005SenatePlaced on Calendar Order of 3rd Reading May 12, 2005 5/16/2005SenateAdded as Alternate Chief Co-Sponsor Sen. Don Harmon 5/17/2005SenateThird Reading - Passed; 052-005-000 5/17/2005HousePassed Both Houses 6/15/2005HouseSent to the Governor 8/12/2005HouseGovernor Approved 8/12/2005HouseEffective Date January 1, 2006 8/12/2005HousePublic Act . . . . . . . . . 94-0558