GEO-KARIS-MADIGAN,R-LINK. 35 ILCS 200/10-230 Amends the Property Tax Code. Provides that the fair cash value of a nuclear power plant owned by an electric utility as of Nov. 1, 1997 that is closed on or after December 16, 1997 shall be determined using original cost less depreciation of the nuclear power plant, with the rate of depreciation set at the rate in effect November 1, 1997. Provides that the rate shall be in effect for as long as the plant is closed. Effective immediately. 98-01-29 S FIRST READING 98-01-29 S REFERRED TO SENATE RULES COMMITTEE RULES 98-02-04 S ADDED AS A CHIEF CO-SPONSOR LINK 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary