Illinois General Assembly - Bill Status for HB6322

Synopsis As Introduced
Amends the Property Tax Code. In a Section concerning the valuation of commercial or industrial property that has been rebuilt following a tornado disaster, provides for a partial reduction in equalized assessed value if the square footage of the rebuilt structure exceeds 110% of the square footage of the original structure (currently, property is not entitled to a reduction if the square footage of the rebuilt structure exceeds 110% of the square footage of the original structure). Effective immediately.

Actions

Date	Chamber	Action
11/12/2014	House	Filed with the Clerk by Rep. Chad Hays
11/18/2014	House	First Reading
11/18/2014	House	Referred to Rules Committee
12/3/2014	House	Session Sine Die

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