PROP TX-ASSESSMENTS House SponsorsRep. Dennis M. Reboletti-Ed Sullivan, Jr.-Ruth Munson-Jim Watson 1/13/2009HouseSession Sine Die 35 ILCS 200/1-55 Amends the Property Tax Code. Provides that, for the purposes of the definition of 33 1/3%, the fair cash value of property is determined by the lesser of: (1) the Department of Revenue's sales ratio studies for the 3 most recent years preceding the assessment year; or (2) the valuation of the property in the prior year (under the current law, the fair cash value is based on the sales ratio studies). 2/5/2008HouseFiled with the Clerk by Rep. Dennis M. Reboletti 2/6/2008HouseFirst Reading 2/6/2008HouseReferred to Rules Committee 3/3/2008HouseAssigned to Revenue Committee 3/14/2008HouseRule 19(a) / Re-referred to Rules Committee 4/8/2008HouseAdded Chief Co-Sponsor Rep. Ed Sullivan, Jr. 9/23/2008HouseAdded Chief Co-Sponsor Rep. Ruth Munson 11/12/2008HouseAdded Chief Co-Sponsor Rep. Jim Watson 1/13/2009HouseSession Sine Die