Bill Text: IL SB1740 | 2013-2014 | 98th General Assembly | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Property Tax Code. Creates a reduction for improvements to foreclosed property. Provides that the assessed value of those improvements shall be reduced 10% of the equalized assessed value of the improvements on June 30, 2012. Provides that the reduction shall be for a period of 5 years, and is subject to certain conditions. Effective immediately.
Spectrum: Moderate Partisan Bill (Democrat 13-3)
Status: (Passed) 2014-12-30 - Public Act . . . . . . . . . 98-1143 [SB1740 Detail]
Download: Illinois-2013-SB1740-Amended.html
Bill Title: Amends the Property Tax Code. Creates a reduction for improvements to foreclosed property. Provides that the assessed value of those improvements shall be reduced 10% of the equalized assessed value of the improvements on June 30, 2012. Provides that the reduction shall be for a period of 5 years, and is subject to certain conditions. Effective immediately.
Spectrum: Moderate Partisan Bill (Democrat 13-3)
Status: (Passed) 2014-12-30 - Public Act . . . . . . . . . 98-1143 [SB1740 Detail]
Download: Illinois-2013-SB1740-Amended.html
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| 1 | AMENDMENT TO SENATE BILL 1740
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 1740 on page 1, | ||||||
| 3 | lines 10 and 11, by deleting "with 3,000,000 or more | ||||||
| 4 | inhabitants"; and
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| 5 | on page 1, lines 18 and 19, by deleting "of a county with | ||||||
| 6 | 3,000,000 or more inhabitants"; and
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| 7 | on page 11, lines 20 and 21, by deleting "in a county of | ||||||
| 8 | 3,000,000 or more".
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