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SB 1436 Illinois Senate · 93rd Regular Session

PROP TAX-5% ASSESSMENT CAP

Summary
Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, the assessment made in each general assessment year shall be no more than a 5% increase over the assessment made in the most recent general assessment year if (i) the property is classified as residential property and (ii) the owner of the property has continuously occupied the residence for at least 5 years immediately prior to the general assessment year. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2003
Committee Review
Floor Vote
Governor
Introduced Feb 20, 2003 Last action Jan 11, 2005
Floor votes

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Full legislative history

Actions timeline

Total actions
9
Key actions
0
Committee
3
Mar 14, 2003
Committee
Rule 3-9(a) / Re-referred to Rules
upper
Feb 27, 2003
Committee
Assigned to Revenue
upper
Feb 20, 2003
Committee
Referred to Rules
upper
0 primary · 1 co-sponsor

Sponsors

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