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<xml>
<title>Illinois General Assembly - Bill Status for HB 331          </title>
<shortdesc>PROP TX-PPV LEASES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jay Hoffman-Eddie Lee Jackson, Sr.</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/10-385 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Property Tax Code. Provides that a taxable PPV lease that (i) encumbers exempt real property located within a county of less than 1,000,000 inhabitants and (ii) is related to taxable real property used for military housing purposes may be assessed and valued pursuant to the terms of a real property tax assessment settlement agreement executed between the local county assessment officials and the taxpayer. Provides that those provisions apply to appeals that were pending as of January 1, 2006 or thereafter. Contains provisions concerning the settlement agreements. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/28/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jay Hoffman</action>
<statusdate>1/28/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/28/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/13/2015</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/19/2015</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman</action>
<statusdate>2/19/2015</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>2/20/2015</statusdate><chamber>House</chamber><action>To Property Tax Subcommittee</action>
<statusdate>3/10/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr.</action>
<statusdate>3/27/2015</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

