Illinois House Bill 5355 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on February 4 2010 - 25% progression, died in committee
Action: 2010-03-15 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Creates the Acquisition-Based Assessment Law and amends the Property Tax Code concerning acquisition-based assessments. Sets forth an alternative method of calculating fair cash value based on recent purchase prices, subject to certain maximum changes. Provides that the alternative valuation procedures apply in Cook County and in other counties that adopt those procedures by ordinance. Amends the State Mandates Act to require implementation without reimbursement by the State. Effective immediately.

PROP TAX-COOK ASSESSMENTS

Sen. Sara Feigenholtz [D]

Rep. John Fritchey [D]

Rep. Gregory Harris [D]

Rep. Kevin Joyce [D]

Date	Chamber	Action
2010-03-15		Rule 19(a) / Re-referred to Rules Committee
2010-03-04		Added Chief Co-Sponsor Rep. Sara Feigenholtz
2010-03-02		Added Chief Co-Sponsor Rep. Greg Harris
2010-02-23		Assigned to Revenue & Finance Committee
2010-02-05		Referred to Rules Committee
2010-02-05		First Reading
2010-02-04		Chief Co-Sponsor Rep. Kevin Joyce
2010-02-04		Filed with the Clerk by Rep. John A. Fritchey

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5355&GAID=10&DocTypeID=HB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/HB/09600HB5355.htm