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 2015
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2015
Last action Jan 10, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
11
Key actions
0
Committee
5
Jan 10, 2017
Senate · Failed
Session Sine Die
Oct 10, 2015
Senate · Referred to committee
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Mar 27, 2015
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 24, 2015
Mar 19, 2015
Senate · Reported by committee
To Subcommittee on Property Tax
Mar 3, 2015
Senate · Referred to committee
Assigned to Revenue
Feb 3, 2015
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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