Rep. Barbara Flynn Currie

Filed: 11/8/2011

 

 


 

 


 
09700SB0400ham001LRB097 04212 HLH 59673 a

1
AMENDMENT TO SENATE BILL 400

2    AMENDMENT NO. ______. Amend Senate Bill 400 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Property Tax Code is amended by changing
5Section 1-55 as follows:
 
6    (35 ILCS 200/1-55)
7    Sec. 1-55. 33 1/3%. One-third of the the fair cash value of
8property, as determined by the Department's sales ratio studies
9for the 3 most recent years preceding the assessment year,
10adjusted to take into account any changes in assessment levels
11implemented since the data for the studies were collected.
12(Source: P.A. 86-1481; 87-877; 88-455.)".