HB6941 93RD GENERAL ASSEMBLY

LRB093 19861 SJM 47383 b

93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB6941

Introduced 02/09/04, by Richard P. Myers

SYNOPSIS AS INTRODUCED:

20 ILCS 2505/2505-626 new

Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department shall not require a county to implement any specific bulletin, circular, formula, or other written material having the force of administrative law, including, but not limited to, what is described as "Bulletin 810", that purports to create a consistent methodology for the assessment of farmland property for property tax purposes, until January 1, 2008. Effective immediately.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning taxation.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Department of Revenue Law of the Civil Administrative Code of Illinois is amended by adding Section 2505-626 as follows:

(20 ILCS 2505/2505-626 new)

Sec. 2505-626. Implementing farmland assessment changes. The Department shall not require a county to implement any specific bulletin, circular, formula, or other written material having the force of administrative law, including, but not limited to, what is described as "Bulletin 810", that purports to create a consistent methodology for the assessment of farmland property for property tax purposes, until January 1, 2008.

Section 99. Effective date. This Act takes effect upon becoming law.