PROPERTY TAX-2% ASSESSMENT CAP Senate SponsorsSen. Matt Murphy and Jennifer Bertino-Tarrant 1/10/2017SenateSession Sine Die 35 ILCS 200/9-145Amends the Property Tax Code. Provides that, for assessment years following the next general assessment after the effective date of the amendatory Act, no increase in assessment may exceed 2% per year. Provides exceptions for the valuation of property that is sold, transferred, or conveyed during the taxable year and for new improvements. 2/3/2015SenateFiled with Secretary by Sen. Matt Murphy 2/3/2015SenateFirst Reading 2/3/2015SenateReferred to Assignments 3/3/2015SenateAssigned to Revenue 3/19/2015SenateTo Subcommittee on Property Tax 3/27/2015SenateRule 2-10 Committee Deadline Established As April 24, 2015 4/24/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015 5/14/2015SenateAdded as Co-Sponsor Sen. Jennifer Bertino-Tarrant 5/15/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015 10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments 1/10/2017SenateSession Sine Die