PROP TX-SALES RATIO STUDIES House SponsorsRep. Jack D. Franks 1/11/2011HouseSession Sine Die 35 ILCS 200/17-10 Amends the Property Tax Code. Provides that, if the average market value of residential property fell by more than 7% in the previous calendar year, then the Department of Revenue shall include foreclosure sales and short sales in its sales ratio studies. Effective immediately. 12/9/2009HouseFiled with the Clerk by Rep. Jack D. Franks 1/4/2010HouseFirst Reading 1/4/2010HouseReferred to Rules Committee 1/27/2010HouseAssigned to Revenue & Finance Committee 3/15/2010HouseRule 19(a) / Re-referred to Rules Committee 1/11/2011HouseSession Sine Die