PROP TX-SUBDIVISIONS-VALUE Senate SponsorsSen. A. J. Wilhelmi and Kyle McCarter House Sponsors(Rep. Tom Cross) 1/8/2013SenateSession Sine Die 35 ILCS 200/10-31Amends the Property Tax Code. With respect to the assessed value of subdivided lots, provides that the value is not increased upon sale or transfer if (i) the sale is for future development, (ii) the sale or transfer is to a related entity, (iii) the transfer is to a mortgage holder pursuant to mortgage foreclosure or in lieu of foreclosure, or (iv) the sale or transfer is by a mortgagee holder. Removes language that the provisions apply only through December 31, 2011. Makes other changes. Effective immediately.Senate Floor Amendment No. 1 Adds reference to:35 ILCS 200/10-30Replaces everything after the enacting clause. Amends the Property Tax Code. In a Section concerning the assessed valuation of subdivisions, provides that prior to the completion of a habitable structure on any lot of subdivided property, or upon the use of any lot for business, commercial or residential purpose, the assessed valuation of platted and subdivided property shall be determined using the same assessment method used in the taxable year prior to the taxable year in which property was subdivided. Provides that undeveloped platted and subdivided property qualifies for assessment in that manner if the property is sold or transferred for development purposes or pursuant to certain foreclosure proceedings. Effective immediately. 2/10/2011SenateFiled with Secretary by Sen. A. J. Wilhelmi 2/10/2011SenateFirst Reading 2/10/2011SenateReferred to Assignments 3/2/2011SenateAssigned to Revenue 3/4/2011SenateAdded as Co-Sponsor Sen. Kyle McCarter 3/10/2011SenatePostponed - Revenue 3/17/2011SenateDo Pass Revenue; 009-000-000 3/17/2011SenatePlaced on Calendar Order of 2nd Reading March 17, 2011 3/25/2011SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. A. J. Wilhelmi 3/25/2011SenateSenate Floor Amendment No. 1 Referred to Assignments 3/29/2011SenateSenate Floor Amendment No. 1 Assignments Refers to Revenue 3/29/2011SenateSenate Floor Amendment No. 1 Postponed - Revenue 4/6/2011SenateSenate Floor Amendment No. 1 Recommend Do Adopt Revenue; 007-000-000 4/11/2011SenateSecond Reading 4/11/2011SenateSenate Floor Amendment No. 1 Adopted; Wilhelmi 4/11/2011SenatePlaced on Calendar Order of 3rd Reading April 12, 2011 4/15/2011SenateThird Reading - Passed; 054-001-001 4/15/2011HouseArrived in House 4/15/2011HousePlaced on Calendar Order of First Reading 4/15/2011HouseChief House Sponsor Rep. Tom Cross 4/15/2011HouseReferred to Rules Committee 4/25/2011HouseAssigned to Revenue & Finance Committee 5/13/2011HouseCommittee Deadline Extended-Rule 9(b) May 20, 2011 5/16/2011HouseMotion Filed to Suspend Rule 25 Revenue & Finance Committee; Rep. Barbara Flynn Currie 5/16/2011HouseMotion to Suspend Rule 25 - Prevailed by Voice Vote 5/20/2011HouseFinal Action Deadline Extended-9(b) May 27, 2011 5/27/2011HouseFinal Action Deadline Extended-9(b) May 31, 2011 5/31/2011HouseRule 19(a) / Re-referred to Rules Committee 1/8/2013SenateSession Sine Die