PROP TX-HISTORIC RESIDENCE Senate SponsorsSen. Cristina Castro House Sponsors(Rep. Jay Hoffman) 1/7/2025SenateSession Sine Die 35 ILCS 200/10-4035 ILCS 200/10-50Amends the Property Tax Code. In provisions concerning the Historic Residence Assessment Freeze Law, provides that the fair cash value of the property shall be based on the final determination by the assessment officer, board of review, Property Tax Appeal Board, or court. Provides that, after the expiration of the 8-year valuation period, if the current fair cash value is less than the adjusted base year valuation, then the assessment shall be based on the current fair cash value. Provides that those changes are declarative of existing law. 2/10/2023SenateFiled with Secretary by Sen. Cristina Castro 2/10/2023SenateFirst Reading 2/10/2023SenateReferred to Assignments 2/28/2023SenateAssigned to Revenue 3/9/2023SenateDo Pass Revenue; 009-000-000 3/9/2023SenatePlaced on Calendar Order of 2nd Reading March 10, 2023 3/10/2023SenateSecond Reading 3/10/2023SenatePlaced on Calendar Order of 3rd Reading March 21, 2023 3/23/2023SenatePlaced on Calendar Order of 3rd Reading ** March 24, 2023 3/29/2023SenateThird Reading - Passed; 057-000-000 3/30/2023HouseArrived in House 3/30/2023HouseChief House Sponsor Rep. Kelly M. Burke 3/30/2023HouseFirst Reading 3/30/2023HouseReferred to Rules Committee 4/18/2023HouseAssigned to Revenue & Finance Committee 4/26/2023HouseDo Pass / Short Debate Revenue & Finance Committee; 019-000-000 4/26/2023HousePlaced on Calendar 2nd Reading - Short Debate 5/3/2023HouseSecond Reading - Short Debate 5/3/2023HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/12/2023HouseThird Reading/Final Action Deadline Extended-9(b) May 19, 2023 5/19/2023HouseThird Reading/Final Action Deadline Extended-9(b) May 31, 2023 5/31/2023HouseRule 19(a) / Re-referred to Rules Committee 11/1/2023HouseApproved for Consideration Rules Committee; 005-000-000 11/1/2023HousePlaced on Calendar Order of 3rd Reading - Short Debate 11/1/2023HouseAlternate Chief Sponsor Changed to Rep. Jay Hoffman 11/1/2023HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman 11/1/2023HouseHouse Floor Amendment No. 1 Referred to Rules Committee 12/8/2023HouseRule 19(a) / Re-referred to Rules Committee 1/7/2025SenateSession Sine Die