Illinois General Assembly - Bill Status for HB4698

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Bill Status of HB4698 9th General Assembly

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Short Description: PROP TX-SUBDIVISIONS

House Sponsors
Rep. John E. Bradley

Last Action

Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/10-30

35 ILCS 200/10-31

Synopsis As Introduced
Amends the Property Tax Code. In a Section concerning the assessed valuation of subdivisions, provides that prior to the completion of a habitable structure on any lot of subdivided property, or upon the use of any lot for business, commercial or residential purpose, the assessed valuation of platted and subdivided property shall be determined using the same assessment method used in the taxable year prior to the taxable year in which property was subdivided. Provides that undeveloped platted and subdivided property qualifies for assessment in that manner if the property is sold or transferred for development purposes or pursuant to certain foreclosure proceedings. Effective immediately.

Actions

Date	Chamber	Action
2/2/2012	House	Filed with the Clerk by Rep. John E. Bradley
2/3/2012	House	First Reading
2/3/2012	House	Referred to Rules Committee
1/8/2013	House	Session Sine Die

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