Illinois House Bill 4698 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. In a Section concerning the assessed valuation of subdivisions, provides that prior to the completion of a habitable structure on any lot of subdivided property, or upon the use of any lot for business, commercial or residential purpose, the assessed valuation of platted and subdivided property shall be determined using the same assessment method used in the taxable year prior to the taxable year in which property was subdivided. Provides that undeveloped platted and subdivided property qualifies for assessment in that manner if the property is sold or transferred for development purposes or pursuant to certain foreclosure proceedings. Effective immediately.

PROP TX-SUBDIVISIONS

Rep. John Bradley [D]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2012-02-03	House	Referred to Rules Committee
2012-02-03	House	First Reading
2012-02-02	House	Filed with the Clerk by Rep. John E. Bradley

Chapter	Article	Section	Citation Type	Statute Text
35	200	10-30	Amended Code	Citation Text
35	200	10-31	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4698&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB4698.htm