91st General Assembly
Summary of HB1327
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House Sponsors:
COWLISHAW-MITCHELL,BILL-BOST-MYERS,RICHARD-JONES,JOHN.

Senate Sponsors:
GEO-KARIS

Short description: 
PROP TX-SENIOR CIT ASSES FREEZ                                             

Synopsis of Bill as introduced:
        Amends the Property Tax Code. Provides that a taxing district may      
   intervene in any case in which  an  objection  is  filed  against  the      
   taxing  district's  levy  by  filing  an  appearance  in the case with      
   notice. Provides that the taxing  district  is  then  responsible  for      
   defending  the  levy  and  the  State's  Attorney  is  relieved of the      
   defense. Provides that the taxing district may also  then  participate      
   in the court conference with the objector. Effective immediately.           
        HOUSE AMENDMENT NO. 2.                                                 
          Deletes reference to:                                                
          35 ILCS 200/23-15                                                    
          35 ILCS 200/23-30                                                    
          Adds reference to:                                                   
          35 ILCS 200/26-10                                                    
        Deletes everything.  Amends  the  Property  Tax  Code  concerning      
   assessments.  Makes a technical change.                                     
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          35 ILCS 200/26-10                                                    
          Adds reference to:                                                   
          35 ILCS 200/15-172                                                   
        Deletes everything. Amends the Senior Citizens Assessment  Freeze      
   Homestead Exemption in the Property Tax Code.  Provides that if in any      
   subsequent  taxable  year for which an applicant applies and qualifies      
   for the exemption the equalized assessed value  decreases,  then  that      
   year  shall  become  the  "base  year"  for  the  purposes of the Act.      
   Provides that for taxable  year  1999,  the  Chief  County  Assessment      
   Officer shall select the lowest base year from the preceding years for      
   which the applicant received the exemption. Provides that an equalized      
   assessed  value that is based on an assessed value that results from a      
   temporary irregularity in the property that reduces the assessed value      
   for one or more taxable years  shall  not  be  considered  the  lowest      
   equalized assessed value. Effective Immediately.                            
 
Last action on Bill: PUBLIC ACT.............................. 91-0045

   Last action date: 99-06-30

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   1


   END OF INQUIRY 



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