Illinois House Bill 331 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 28 2015 - 25% progression, died in committee
Action: 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that a taxable PPV lease that (i) encumbers exempt real property located within a county of less than 1,000,000 inhabitants and (ii) is related to taxable real property used for military housing purposes may be assessed and valued pursuant to the terms of a real property tax assessment settlement agreement executed between the local county assessment officials and the taxpayer. Provides that those provisions apply to appeals that were pending as of January 1, 2006 or thereafter. Contains provisions concerning the settlement agreements. Effective immediately.

PROP TX-PPV LEASES

Rep. Jay Hoffman [D]

Rep. Eddie Jackson [D]

Date	Chamber	Action
2015-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2015-03-10	House	Added Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr.
2015-02-20	House	To Property Tax Subcommittee
2015-02-19	House	House Committee Amendment No. 1 Referred to Rules Committee
2015-02-19	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
2015-02-13	House	Assigned to Revenue & Finance Committee
2015-01-28	House	Referred to Rules Committee
2015-01-28	House	First Reading
2015-01-28	House	Filed with the Clerk by Rep. Jay Hoffman

Chapter	Article	Section	Citation Type	Statute Text
35	200	10-385	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=331&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB0331.htm
Amendment	https://www.ilga.gov/legislation/99/HB/09900HB0331ham001.htm