RADOGNO. (FANTIN-LYONS,EILEEN-MCCARTHY-CROTTY-BROSNAHAN) 35 ILCS 200/18-45 Amends the Property Tax Code. Deletes a provision in the Section concerning the computation of rates stating that the equalized assessed value of all property for the computation of the amount to be extended in a county of 3,000,000 or more inhabitants shall be the equalized assessed value of the property for the year immediately preceding the levy year as established by the assessment and equalization process for the year immediately prior to the levy year. Effective immediately. HOUSE AMENDMENT NO. 1. Deletes everything. Amends the Property Tax Code. Provides that beginning January 1, 1998 and thereafter, the equalized assessed value of all property for the computation of the amount to be extended within a county of 3,000,000 or more inhabitants shall be the sum of (i) the equalized assessed value of such property for the year immediately preceding the levy year, (ii) the equalized assessed value of any property that qualifies as new property or annexed property in the current year, and (iii) the recovered tax increment value for the current year, less the equalized assessed value of any property that qualifies as disconnected property during the current year. FISCAL NOTE, H-AM 1 (Dept. of Revenue) SB 715, amended by H-am 1, is local in nature and does not have a fiscal impact on this Dept. 97-02-07 S FIRST READING 97-02-07 S REFERRED TO SENATE RULES COMMITTEE RULES 97-02-19 S ASSIGNED TO COMMITTEE REVENUE 97-03-06 S DO PASS 010-000-000 SREV 97-03-06 S PLACED ON CALENDAR ORDER OF 2ND READING 97-03-11 97-03-11 S SECOND READING 97-03-11 S PLACED ON CALENDAR ORDER OF 3RD READING 97-03-12 97-03-13 S THIRD READING - PASSED 051-006-001 97-03-14 H ARRIVE IN HOUSE 97-03-14 H HOUSE SPONSOR FANTIN 97-03-14 H PLACED CALENDAR ORDER OF FIRST READING 97-03-18 H FIRST READING 97-03-18 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-21 H ASSIGNED TO COMMITTEE REVENUE 97-05-08 H AMENDMENT NO. 01-REVENUE H 97-05-08 H ADOPTED 97-05-08 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HREV 97-05-08 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-05-08 H FISCAL NOTE REQUESTED AS AMEND./MOORE,A 97-05-08 H STATE MANDATES FISCAL NOTE REQUESTED AS AMEND./MOORE,A 97-05-08 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-05-08 H ADDED AS A JOINT SPONSOR LYONS,EILEEN 97-05-08 H ADDED AS A JOINT SPONSOR MCCARTHY 97-05-08 H ADDED AS A JOINT SPONSOR CROTTY 97-05-08 H ADDED AS A JOINT SPONSOR BROSNAHAN 97-05-12 H FISCAL NOTE FILED AS AMENDED 97-05-12 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-05-13 H SECOND READING-SHORT DEBATE 97-05-13 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 97-05-14 H STATE MANDATES FISCAL NOTE REQST-WITHDRN MOORE,ANDREA 97-05-14 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-05-15 H THIRD READING/SHORT DEBATE/PASSED 117-000-001 97-05-16 S SECRETARYS DESK - CONCURRENCE 01 97-05-19 S FILED WITH SECRETARY 97-05-19 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/RADOGNO 97-05-19 S MOTION REFERRED TO SRUL 97-05-20 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/RADOGNO 97-05-20 S RULES REFERS TO SREV 97-05-20 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/RADOGNO 97-05-20 S BE ADOPTED SREV/008-000-000 97-05-20 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/RADOGNO 97-05-20 S SEN CONCURS IN HSE AMENDMENTS (NO.) 01/056-000-000 97-05-20 S PASSED BOTH HOUSES 97-06-09 S SENT TO THE GOVERNOR 97-08-01 S GOVERNOR APPROVED 97-08-01 S EFFECTIVE DATE 98-01-01 97-08-01 S PUBLIC ACT.............................. 90-0320 END OF INQUIRY Full Text Bill Summary