PROP TX-ASSESSMENTS House SponsorsRep. Michael P. McAuliffe-Christine Winger-Mark Batinick-Sheri Jesiel-John M. Cabello, Jeanne M Ives, Ron Sandack, Michael W. Tryon, Avery Bourne, Terri Bryant and Tim Butler 1/10/2017HouseSession 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 year immediately preceding the assessment year (under the current law, the fair cash value is based on the sales ratio studies). Effective immediately. 2/26/2015HouseFiled with the Clerk by Rep. Michael P. McAuliffe 2/26/2015HouseFirst Reading 2/26/2015HouseReferred to Rules Committee 3/10/2015HouseAssigned to Revenue & Finance Committee 3/13/2015HouseTo Property Tax Subcommittee 3/27/2015HouseRule 19(a) / Re-referred to Rules Committee 5/21/2015HouseAdded Chief Co-Sponsor Rep. Christine Winger 5/21/2015HouseAdded Chief Co-Sponsor Rep. Mark Batinick 5/21/2015HouseAdded Chief Co-Sponsor Rep. Sheri Jesiel 5/21/2015HouseAdded Chief Co-Sponsor Rep. John M. Cabello 5/21/2015HouseAdded Co-Sponsor Rep. Jeanne M Ives 5/21/2015HouseAdded Co-Sponsor Rep. Ron Sandack 5/21/2015HouseAdded Co-Sponsor Rep. Michael W. Tryon 5/21/2015HouseAdded Co-Sponsor Rep. Avery Bourne 5/21/2015HouseAdded Co-Sponsor Rep. Terri Bryant 5/21/2015HouseAdded Co-Sponsor Rep. Tim Butler 1/10/2017HouseSession Sine Die