92nd General Assembly
Status of HB0223
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   35 ILCS 200/10-355 new                                                      
   30 ILCS 805/8.25 new                                                        

        Amends the Property Tax Code.  Provides  that,  for  the  taxable      
   year  2002  and  thereafter, the assessed value of real property owned      
   and used by certain  fraternal  organizations,  or  their  subordinate      
   organizations  or  entities,  that  are  exempt entities under Section      
   501(c)(8) of the Internal  Revenue  Code  and  whose  members  provide      
   support  for charitable works shall be established by the chief county      
   assessment officer at 15% of the final assessed value of the  property      
   for   the   assessment  year  2001,  or  if  the  property  meets  the      
   qualifications for the reduced assessment after assessment year  2002,      
   the  final  assessed value shall be 15% of the final assessed value of      
   the property for the assessment year in which the property first meets      
   the qualifications.  Effective January 1, 2002.                             
        HOUSE AMENDMENT NO. 1.                                                 
        Provides that certain fraternal organizations  that  on  December      
   31,  1926  had  their  national  headquarters in Illinois or that were      
   chartered in Illinois in July of 1896 may qualify for the property tax      
          FISCAL NOTE (Department of Revenue)                                  
          HB 223 does not create a fiscal impact to the State, but could       
          result in a significant loss in property tax receipts for local      
          taxing districts.                                                    
   JAN-16-2001  H  FILED WITH CLERK                                               
   JAN-25-2001  H  ADDED AS A JOINT SPONSOR                 LYONS,JOSEPH          
   JAN-30-2001  H  FIRST READING                                                  
   JAN-30-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   JAN-31-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   FEB-07-2001  H  ADDED AS A CO-SPONSOR                    O'BRIEN               
   FEB-07-2001  H  ADDED AS A CO-SPONSOR                    SCHMITZ               
   FEB-20-2001  H  ADDED AS A CO-SPONSOR                    FRANKS                
   FEB-22-2001  H  ADDED AS A JOINT SPONSOR                 WOJCIK                
   FEB-23-2001  H  ADDED AS A JOINT SPONSOR                 BLACK                 
   MAR-15-2001  H  ADDED AS A CO-SPONSOR                    MCAULIFFE             
   MAR-16-2001  H                             AMENDMENT NO. 01-REVENUE       H    
   MAR-16-2001  H                                   ADOPTED                       
   MAR-16-2001  H  DO PASS AMENDED/SHORT DEBATE             011-000-000   HREV    
   MAR-16-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAR-20-2001  H  SECOND READING-SHORT DEBATE                                    
   MAR-20-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   MAR-22-2001  H                         FISCAL NOTE FILED                       
   MAR-22-2001  H  CALENDAR ORDER 3RD READING-SHORT DEBATE                        
   APR-05-2001  H  ADDED AS A CO-SPONSOR                    CROTTY                
   APR-06-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary