Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/10-365

35 ILCS 200/10-370

35 ILCS 200/10-380

Synopsis As Introduced
Amends the Property Tax Code. In provisions concerning PPV leases, provides that the current method of classifying and valuing PPV leases expires on the earlier of (i) January 1, 2056 or (ii) January 1 of the calendar year in which the particular PPV lease terminates (now, January 1, 2016). Provides that, for naval training facilities, naval bases, and naval support facilities, "net operating income" means all revenues received minus the lesser of (i) 42% of all revenues or (ii) actual expenses before interest, taxes, depreciation, and amortization (now, all revenues received minus the lesser of (i) 62% of all revenues or (ii) actual expenses before interest, taxes, depreciation, and amortization). Effective immediately.

	Land Conveyance Appraisal Note (Dept. of Transportation)
	No land conveyances are included in this bill; therefore, there are no appraisals to be filed.

	Correctional Note (Dept of Corrections)
	There are no penalty enhancements associated with this bill. The bill would have no fiscal or population impact on the Department of Corrections.

	Judicial Note (Admin Office of the Illinois Courts)
	This bill would neither increase nor decrease the number of judges needed in the State.

	State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity)
	HB 4318 does not create a State mandate.

	Home Rule Note (Dept. of Commerce & Economic Opportunity)
	HB 4318 does not pre-empt home rule authority.

	State Debt Impact Note (Government Forecasting & Accountability)
	HB 4318 would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness.

	Pension Note (Government Forecasting & Accountability)
	HB 4318 will not impact any public pension fund or retirement system in Illinois.

	Judicial Note (Admin Office of the Illinois Courts)
	This bill would neither increase nor decrease the number of judges needed in the State.

	Housing Affordability Impact Note (Housing Development Authority)
	This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence.

	Balanced Budget Note (Office of Management and Budget)
	HB 4318 does not have any fiscal impact on State revenues.

	Fiscal Note (Dept. of Revenue)
	HB 4318 will have no fiscal impact on State revenues.

Actions 

Date	Chamber	Action
1/27/2014	House	Filed with the Clerk by Rep. Scott Drury
1/28/2014	House	First Reading
1/28/2014	House	Referred to Rules Committee
2/4/2014	House	Assigned to Revenue & Finance Committee
2/20/2014	House	To Property Tax Subcommittee
2/27/2014	House	Fiscal Note Requested by Rep. Rita Mayfield
2/27/2014	House	State Mandates Fiscal Note Requested by Rep. Rita Mayfield
2/27/2014	House	Balanced Budget Note Requested by Rep. Rita Mayfield
2/27/2014	House	Correctional Note Requested by Rep. Rita Mayfield
2/27/2014	House	Home Rule Note Requested by Rep. Rita Mayfield
2/27/2014	House	Housing Affordability Impact Note Requested by Rep. Rita Mayfield
2/27/2014	House	Judicial Note Requested by Rep. Rita Mayfield
2/27/2014	House	Land Conveyance Appraisal Note Requested by Rep. Rita Mayfield
2/27/2014	House	Pension Note Requested by Rep. Rita Mayfield
2/27/2014	House	State Debt Impact Note Requested by Rep. Rita Mayfield
2/27/2014	House	Land Conveyance Appraisal Note Filed
2/27/2014	House	Correctional Note Filed
2/27/2014	House	Judicial Note Filed
2/28/2014	House	State Mandates Fiscal Note Filed
2/28/2014	House	Home Rule Note Filed
2/28/2014	House	State Debt Impact Note Filed
3/3/2014	House	Pension Note Filed
3/4/2014	House	Judicial Note Filed
3/5/2014	House	Housing Affordability Impact Note Filed
3/6/2014	House	Balanced Budget Note Filed
3/11/2014	House	Fiscal Note Filed
3/28/2014	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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