Illinois General Assembly - Bill Status for HB5086
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 Bill Status of HB5086  9th General Assembly

Short Description:  PROP TX-ASSESSMENTS

House Sponsors
Rep. Sidney H. Mathias - Mike Fortner - David Harris - Dennis M. Reboletti - Tom Cross, Sandy Cole, Darlene J. Senger, JoAnn D. Osmond, Jil Tracy, Raymond Poe and Norine Hammond

Last Action
DateChamber Action
  1/8/2013HouseSession 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.

DateChamber Action
  2/7/2012HouseFiled with the Clerk by Rep. Sidney H. Mathias
  2/7/2012HouseFirst Reading
  2/7/2012HouseReferred to Rules Committee
  2/21/2012HouseAdded Co-Sponsor Rep. Sandy Cole
  2/21/2012HouseAdded Co-Sponsor Rep. Darlene J. Senger
  2/21/2012HouseAdded Chief Co-Sponsor Rep. Mike Fortner
  2/21/2012HouseAdded Co-Sponsor Rep. JoAnn D. Osmond
  2/21/2012HouseAdded Co-Sponsor Rep. Jil Tracy
  2/21/2012HouseAdded Co-Sponsor Rep. Raymond Poe
  2/21/2012HouseAdded Co-Sponsor Rep. Norine Hammond
  2/21/2012HouseAdded Chief Co-Sponsor Rep. David Harris
  2/21/2012HouseAdded Chief Co-Sponsor Rep. Dennis M. Reboletti
  2/22/2012HouseAdded Chief Co-Sponsor Rep. Tom Cross
  2/27/2012HouseAssigned to Revenue & Finance Committee
  3/9/2012HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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