Illinois General Assembly - Bill Status for HB5952
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 Bill Status of HB5952  98th General Assembly


Short Description:  PROP TX-ASSESSMENTS

House Sponsors
Rep. Michael P. McAuliffe

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/1-55


Synopsis As Introduced
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 year immediately preceding the assessment year (under the current law, the fair cash value is based on the sales ratio studies). Effective immediately.

Actions 
DateChamber Action
  2/14/2014HouseFiled with the Clerk by Rep. Michael P. McAuliffe
  2/14/2014HouseFirst Reading
  2/14/2014HouseReferred to Rules Committee
  3/6/2014HouseAssigned to Revenue & Finance Committee
  3/11/2014HouseTo Property Tax Subcommittee
  3/28/2014HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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