PROPERTY TAX-ASSESSMENT CAP Senate SponsorsSen. Julie A. Morrison-Thomas Cullerton-Bill Cunningham-Melinda Bush 1/9/2019SenateSession 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 20% per year. Provides exceptions if: (1) the property is sold, transferred, or conveyed during the taxable year; (2) significant improvements were made to the property; (3) a homestead exemption or other preferential method of assessment was removed with respect to that property during the taxable year; or (4) the increase was due to an equalization factor imposed by the township, county, or Department of Revenue. Effective immediately. 1/26/2017SenateFiled with Secretary by Sen. Julie A. Morrison 1/26/2017SenateFirst Reading 1/26/2017SenateReferred to Assignments 1/26/2017SenateAdded as Chief Co-Sponsor Sen. Thomas Cullerton 2/8/2017SenateAssigned to Revenue 2/10/2017SenateAdded as Chief Co-Sponsor Sen. Bill Cunningham 2/22/2017SenateTo Subcommittee on Property Taxes 2/28/2017SenateAdded as Chief Co-Sponsor Sen. Melinda Bush 3/17/2017SenateRule 2-10 Committee Deadline Established As April 7, 2017 4/7/2017SenateRule 2-10 Committee Deadline Established As May 5, 2017 5/5/2017SenateRule 3-9(a) / Re-referred to Assignments 1/9/2019SenateSession Sine Die