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IL SB1931
Bill
AI Summary
- Amends the Property Tax Code Section 1-55 concerning the definition of "33 1/3%"
- Makes a technical change to clarify that "33 1/3%" means one-third of the fair cash value of property as determined by Department sales ratio studies
- References the 3 most recent years of data preceding the assessment year, adjusted for any changes in assessment levels implemented since data collection
- Introduced by Senator Pamela J. Althoff on February 10, 2017
Legislative Description
REVENUE-TECH
Last Action
Session Sine Die
1/9/2019
Committee Referrals
Assignments2/10/2017
Full Bill Text
No bill text available