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IL SB1930
Bill
AI Summary
- Amends Section 1-55 of the Property Tax Code to make a technical correction to the definition of "33 1/3%"
- Removes duplicate language of the word "the" in the statutory definition concerning fair cash value of property
- Definition continues to reference one-third of fair cash value as determined by the Department's sales ratio studies for the 3 most recent years preceding the assessment year
- Maintains adjustment provisions for changes in assessment levels implemented since the sales ratio data were collected
Legislative Description
REVENUE-TECH
Last Action
Session Sine Die
1/9/2019
Committee Referrals
Assignments2/10/2017
Full Bill Text
No bill text available