HB 3600 Illinois House · 101st Regular Session

PROP TAX-SUBDIVISIONS

Summary
Amends the Property Tax Code. Provides that, prior to the initial sale of any platted lot, the assessed valuation of platted and subdivided property shall be the assessed value assigned to the property when last assessed prior to its last transfer or conveyance (currently, the estimated price the property would bring at a fair voluntary sale for use by the buyer for the same purposes for which the property was used when last assessed prior to its platting). Provides that the changes made by the amendatory Act apply from January 1, 2019 through December 31, 2023. Makes other changes. Effective immediately.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2019
Committee Review
Floor Vote
Governor
Introduced Feb 15, 2019 Last action Mar 29, 2019
Floor votes

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Full legislative history

Actions timeline

Total actions
6
Key actions
1
Committee
4
Mar 29, 2019
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 14, 2019
Lower · Passed
To Property Tax Subcommittee
lower
Mar 5, 2019
Committee
Assigned to Revenue & Finance Committee
lower
Feb 15, 2019
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.