PROPERTY TAX-2% ASSESSMENT CAP
Summary
Amends the Property Tax Code. Provides that, for assessment years following the next general assessment after the effective date of the amendatory Act, no increase in assessment may exceed 2% per year. Provides exceptions for the valuation of property that is sold, transferred, or conveyed during the taxable year and for new improvements.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2014
Committee Review
Floor Vote
Governor
Introduced Feb 14, 2014
Last action Jan 13, 2015
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Jan 13, 2015
Senate · Failed
Session Sine Die
Mar 28, 2014
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Mar 21, 2014
Senate · Reported by committee
To Subcommittee on Property Tax
Mar 5, 2014
Senate · Referred to committee
Assigned to Revenue
Feb 14, 2014
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Matt Murphy
RRepublican
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