LINK. 35 ILCS 200/9-212 new Amends the Property Tax Code. Provides that, notwithstanding any other provision of law to the contrary, the equalized assessed value, less that part of the equalized assessed value attributable to new improvements to the property, of residential real property may not be increased from one general assessment to the next by more than the increase during that period in the Consumer Price Index reported by the Bureau of Labor Statistics of the federal Department of Labor or its successor agency. Effective January 1, 2003. FEB-07-2002 S FIRST READING FEB-07-2002 S REFERRED TO SENATE RULES COMMITTEE RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary