PROP TX-ASSESSMENTS House SponsorsRep. Dennis M. Reboletti-Randy Ramey, Jr.-Angelo Saviano-Raymond Poe-JoAnn D. Osmond, Tom Cross, Timothy L. Schmitz and Sidney H. Mathias 1/8/2013HouseSession Sine Die 35 ILCS 200/1-55 Amends the Property Tax Code. Provides that, for the purposes of the definition of 33 1/3%, the fair cash value of property is determined by the lesser of: (1) the Department of Revenue's sales ratio studies for the 3 most recent years preceding the assessment year; or (2) the valuation of the property in the prior year (under the current law, the fair cash value is based on the sales ratio studies). 2/7/2012HouseFiled with the Clerk by Rep. Dennis M. Reboletti 2/7/2012HouseFirst Reading 2/7/2012HouseReferred to Rules Committee 2/16/2012HouseAdded Chief Co-Sponsor Rep. Randy Ramey, Jr. 2/16/2012HouseAdded Chief Co-Sponsor Rep. Angelo Saviano 2/21/2012HouseAdded Chief Co-Sponsor Rep. Raymond Poe 2/21/2012HouseAdded Chief Co-Sponsor Rep. JoAnn D. Osmond 2/21/2012HouseAdded Co-Sponsor Rep. Tom Cross 2/21/2012HouseAdded Co-Sponsor Rep. Timothy L. Schmitz 2/21/2012HouseAdded Co-Sponsor Rep. Sidney H. Mathias 1/8/2013HouseSession Sine Die