Bill Title: Amends the Property Tax Code. Provides that, if an appeal concerning the assessed valuation of property has been pending before the Property Tax Appeal Board for 2 or more years prior to January 1 of the current assessment year and is still pending as of June 1 of the current assessment year, then the assessed valuation of the property shall be the lesser of: (1) the highest equalized assessed valuation for that property for any assessment year at issue before the Property Tax Appeal Board; or (2) the assessed valuation for that property for the current assessment year as calculated under the Code. Provides that the appellant must meet certain other requirements for that alternate valuation. Effective immediately.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Passed) 2017-08-18 - Public Act . . . . . . . . . 100-0216 [SB0609 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Julie Morrison [D]	Primary	Sponsored Bills	SD-029	FollowTheMoney	Ballotpedia	VoteSmart
Senator Thomas Cullerton [D]	Cosponsor	Sponsored Bills	SD-023	FollowTheMoney	Ballotpedia	VoteSmart
Senator Melinda Bush [D]	Cosponsor	Sponsored Bills	SD-031	FollowTheMoney	Ballotpedia	VoteSmart
Senator William Cunningham [D]	Cosponsor	Sponsored Bills	SD-018	FollowTheMoney	Ballotpedia	VoteSmart
Representative Elaine Nekritz [D]	Primary	Sponsored Bills	HD-057	FollowTheMoney	Ballotpedia	VoteSmart

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