Bill Title: Amends the Property Tax Code. Creates a reduction for improvements to foreclosed property. Provides that the assessed value of those improvements shall be reduced 10% of the equalized assessed value of the improvements on June 30, 2012. Provides that the reduction shall be for a period of 5 years, and is subject to certain conditions. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 13-3)

Status: (Passed) 2014-12-30 - Public Act . . . . . . . . . 98-1143 [SB1740 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2014-12-30	HTML/Text	Link	View
Enrolled	2014-12-05	HTML/Text	Link	View
Amended	2014-11-18	HTML/Text	Link	View
Amended	2014-11-17	HTML/Text	Link	View
Amended	2014-05-29	HTML/Text	Link	View
Amended	2014-05-06	HTML/Text	Link	View
Engrossed	2014-04-08	HTML/Text	Link	View
Amended	2014-04-01	HTML/Text	Link	View
Amended	2013-03-15	HTML/Text	Link	View
Introduced	2013-02-15	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB1740

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1740 currently on file.

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