91st General Assembly
Status of HB1987
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PUGH-SHARP-GILES AND MORROW.

(CLAYBORNE-WEAVER,S)

   35 ILCS 200/1-130                                                           

        Amends the Property Tax Code.  Provides that "property" does  not      
   include   low   income   housing   federal   tax  credits.   Effective      
   immediately.                                                                
        HOUSE AMENDMENT NO. 1.                                                 
          Adds reference to:                                                   
          35 ILCS 200/Art. 10, Div. 11 heading new                             
          35 ILCS 200/10-235 new                                               
        Further amends the Property Tax Code. Provides that in determin-       
   ing the fair cash value of property receiving benefits from the feder-      
   al Low-Income Housing Tax Credit, emphasis shall be given to the in-        
   come approach, where appropriate.                                           
        SENATE AMENDMENT NO. 1.                                                
        Provides that rather than giving emphasis to the income approach       
   "where appropriate", emphasis shall be given to the income approach         
   except in those circumstances where another method is clearly more          
   appropriate.                                                                
   99-02-18  H  FIRST READING                                                  
   99-02-18  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-02-24  H       ASSIGNED TO COMMITTEE               REVENUE               
   99-03-04  H  DO PASS/SHORT DEBATE                     009-000-000   HREV    
   99-03-04  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   99-03-09  H  SECOND READING-SHORT DEBATE                                    
   99-03-09  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   99-03-10  H  ADDED AS A CO-SPONSOR                    SHARP                 
   99-03-22  H  RECALLED TO SECOND READING-SHORT DEBATE                        
   99-03-22  H                             AMENDMENT NO. 01-PUGH               
   99-03-22  H                     AMENDMENT REFERRED TO HRUL                  
   99-03-22  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   99-03-23  H                             AMENDMENT NO. 01-PUGH               
   99-03-23  H  RECOMMENDS BE ADOPTED                    HRUL                  
   99-03-23  H                             AMENDMENT NO. 01-PUGH               
   99-03-23  H                                   ADOPTED                       
   99-03-23  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   99-03-23  H  ADDED AS A CO-SPONSOR                    MORROW                
   99-03-23  H  THIRD READING/SHORT DEBATE/PASSED        111-001-001           
   99-03-23  H  ADDED AS A JOINT SPONSOR                 SHARP                 
   99-03-23  H  ADDED AS A JOINT SPONSOR                 GILES                 
   99-03-24  S  ARRIVE IN SENATE                                               
   99-03-24  S  PLACED CALENDAR ORDER OF FIRST READING   99-03-25              
   99-03-24  S  CHIEF SPONSOR                            CLAYBORNE             
   99-03-24  S  FIRST READING                                                  
   99-03-24  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-03-25  S       ASSIGNED TO COMMITTEE               REVENUE               
   99-04-21  S  ADDED AS A CHIEF CO-SPONSOR              WEAVER,S              
   99-04-29  S                                 POSTPONED                       
   99-05-06  S                             AMENDMENT NO. 01-REVENUE       S    
   99-05-06  S                                   ADOPTED                       
   99-05-06  S       DO PASS AS AMENDED                  009-000-001   SREV    
   99-05-06  S  PLACED ON CALENDAR ORDER OF 2ND READING  99-05-07              
   99-05-07  S  SECOND READING                                                 
   99-05-07  S  PLACED ON CALENDAR ORDER OF 3RD READING  99-05-11              
   99-05-11  S  THIRD READING - PASSED                   047-008-003           
   99-05-12  H  ARRIVE IN HOUSE                                                
   99-05-12  H  PLACED ON CALENDAR ORDER OF CONCURRENCE  01                    
   99-05-17  H  MOTION FILED CONCUR                      01/PUGH               
   99-05-17  H                        MOTION REFERRED TO HRUL                  
   99-05-17  H  CALENDAR ORDER OF CONCURRENCE            01                    
   99-05-18  H             BE APPROVED FOR CONSIDERATION 01/HRUL               
   99-05-18  H  HSE CONCURS IN SEN AMENDMENTS (NO.)      01/117-000-001        
   99-05-18  H  PASSED BOTH HOUSES                                             
   99-06-14  H  SENT TO THE GOVERNOR                                           
   99-08-13  H  GOVERNOR APPROVED                                              
   99-08-13  H                            EFFECTIVE DATE 99-08-13              
   99-08-13  H  PUBLIC ACT.............................. 91-0502               

   END OF INQUIRY 



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