IL HB5217 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 27 2022 - 25% progression, died in committee
Action: 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides that the fair cash value of property shall be determined by the Department of Revenue's sales ratio studies for the 5 (currently, 3) most recent years preceding the assessment year.

Tracking Information

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Title

PROP TX-SALES RATIO

Sponsors


History

DateChamberAction
2022-02-18HouseRule 19(a) / Re-referred to Rules Committee
2022-02-15HouseTo Property Tax Subcommittee
2022-02-09HouseAssigned to Revenue & Finance Committee
2022-01-31HouseReferred to Rules Committee
2022-01-31HouseFirst Reading
2022-01-27HouseFiled with the Clerk by Rep. Chris Bos

Code Citations

ChapterArticleSectionCitation TypeStatute Text
352001-55Amended CodeCitation Text

Illinois State Sources


Bill Comments

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