<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 983    </title>
<shortdesc>PTELL-RECOVERED VALUE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Elizabeth Coulson and Elaine Nekritz</sponsors>
<sponsorhead2>Senate Sponsors</sponsorhead2><altsponsors>(Sen. Jeffrey M. Schoenberg-Susan Garrett)</altsponsors>
</sponsor>
<lastaction>
<statusdate>8/13/2007</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 95-0090</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/18-185</reference><aliasreference></aliasreference><SynopsisText>     Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the definition of "recovered tax value" includes the equalized assessed values recovered upon the termination of a redevelopment project that was established under the Economic Development Project Area Tax Increment Act of 1995.</SynopsisText></synopsis>
<actions>
<statusdate>2/8/2007</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Elizabeth Coulson</action>
<statusdate>2/8/2007</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/8/2007</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/15/2007</statusdate><chamber>House</chamber><action>Assigned to Revenue Committee</action>
<statusdate>2/21/2007</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Elaine Nekritz</action>
<statusdate>3/2/2007</statusdate><chamber>House</chamber><action>Recommends Do Pass Subcommittee/ Revenue Committee;  003-000-000</action>
<statusdate>3/2/2007</statusdate><chamber>House</chamber><action>Remains in Revenue Committee</action>
<statusdate>3/23/2007</statusdate><chamber>House</chamber><action>Committee Deadline Extended-Rule 9(b) March 31, 2007</action>
<statusdate>3/29/2007</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Revenue Committee;  011-000-000</action>
<statusdate>3/29/2007</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>4/17/2007</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>4/17/2007</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>4/18/2007</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 116-000-000</action>
<statusdate>4/20/2007</statusdate><chamber>Senate</chamber><action>Arrive in Senate</action>
<statusdate>4/20/2007</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of First Reading</action>
<statusdate>4/20/2007</statusdate><chamber>Senate</chamber><action>Chief Senate Sponsor Sen. Jeffrey M. Schoenberg</action>
<statusdate>4/20/2007</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>4/20/2007</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>4/25/2007</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>5/2/2007</statusdate><chamber>Senate</chamber><action>Do Pass Revenue;  009-000-000</action>
<statusdate>5/2/2007</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading May 3, 2007</action>
<statusdate>5/3/2007</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>5/3/2007</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading May 8, 2007</action>
<statusdate>5/16/2007</statusdate><chamber>Senate</chamber><action>Added as Alternate Chief Co-Sponsor Sen. Susan Garrett</action>
<statusdate>5/16/2007</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 058-000-000</action>
<statusdate>5/16/2007</statusdate><chamber>House</chamber><action>Passed Both Houses</action>
<statusdate>6/14/2007</statusdate><chamber>House</chamber><action>Sent to the Governor</action>
<statusdate>8/13/2007</statusdate><chamber>House</chamber><action>Governor Approved</action>
<statusdate>8/13/2007</statusdate><chamber>House</chamber><action>Effective Date January 1, 2008</action>
<statusdate>8/13/2007</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 95-0090</action>
</actions>
</xml>

