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IL HB3676

Bill

Official Source

Status

Failed

12/3/2014

Primary Sponsor

Jack Franks

Click for details

Origin

House of Representatives

98th General Assembly

AI Summary

  • Changes property assessment frequency from annual to every 2 years
  • Increases assessment value threshold from 15 to 30 (specific context unclear from amendment text alone)
  • Adds "business" designation in three locations on pages 3-4 of the original bill
  • Requires chief county assessment officer to provide written explanation to board of review and taxpayer when assessed property value increases by more than 5% compared to previous general assessment year
  • Applies the 5% increase notification requirement in at least two separate sections of the bill

Legislative Description

PROP TX-BOARD OF REVIEW

Last Action

Session Sine Die

12/3/2014

Committee Referrals

Rules3/28/2014
Property Tax2/20/2014
Revenue & Finance2/11/2014
Rules10/22/2013

Full Bill Text

No bill text available