Illinois House Bill 5505 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that property that is used for refining crude oil located in a county of less than 1,000,000 inhabitants, as to which litigation with respect to its assessed valuation is pending or was pending as of January 1, 2011, may be the subject of a real property tax assessment settlement agreement among the taxpayer and taxing districts in which it is situated. Provides that wind turbines and ethanol producing facilities (other than systems, methods, construction, devices, or appliances appurtenant to ethanol producing facilities) are not considered pollution control facilities. In a Section concerning valuation for pollution control facilities, provides that the Department of Revenue shall, when reasonable, (now, the Department "shall") consider certain factors when determining the fair cash value of the facility. Provides that the effective date of a pollution control facility certificate is January 1 of the year in which the certificate is issued. Effective immediately.

PROP TX-POLLUTION FACILITIES

Rep. Brandon Phelps [D]

Rep. David McSweeney [R]

Date	Chamber	Action
2014-12-03	House	Session Sine Die
2014-03-28	House	Rule 19(a) / Re-referred to Rules Committee
2014-03-27	House	Added Co-Sponsor Rep. David McSweeney
2014-03-21	House	To Property Tax Subcommittee
2014-03-20	House	Assigned to Revenue & Finance Committee
2014-02-13	House	Referred to Rules Committee
2014-02-13	House	First Reading
2014-02-13	House	Filed with the Clerk by Rep. Brandon W. Phelps

Chapter	Article	Section	Citation Type	Statute Text
35	200	11-10	Amended Code	Citation Text
35	200	11-15	Amended Code	Citation Text
35	200	11-25	Amended Code	Citation Text
35	200	9-45	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5505&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB5505.htm