PROP TX-PETROCHEMICAL VALUE Senate SponsorsSen. Gary G. Dahl House Sponsors(Rep. Careen M. Gordon-Tom Cross) 8/24/2009SenatePublic Act . . . . . . . . . 96-0609 35 ILCS 200/9-45Amends the Property Tax Code. Provides that a Section authorizing property tax assessment settlement agreements also applies to petrochemical processing facilities located within a county of less than 1,000,000 inhabitants. Effective immediately.Senate Floor Amendment No. 4 Replaces everything after the enacting clause. Provides that real property that is used for a natural gas extraction and fractionation or petrochemical processing facility may be the subject of a property tax assessment settlement agreement if litigation with respect to the property's assessed valuation is pending or was pending as of January 1, 1993. Effective immediately.House Committee Amendment No. 1 Deletes everything after the enacting clause. Amends the Property Tax Code. Provides that the Section authorizing property tax assessment settlement agreements applies to property used for natural gas extraction and fractionation and olefin and polymer manufacturing (instead of natural gas extraction and fractionation and petrochemical processing facilities) if the agreement concerns property tax liability for taxable year 2009 and thereafter and if litigation with respect to the assessed valuation of the property was pending at the time the agreement was signed. Effective immediately.House Floor Amendment No. 2 Permits property tax assessment settlement agreements for real property that is (i) used for natural gas extraction and fractionation or olefin and polymer manufacturing and (ii) located within a county of less than 1,000,000 inhabitants, with respect to tax liability for any taxable year (instead of taxable year 2009 and thereafter), if litigation is or was pending as to the property's assessed valuation as of January 1, 2003 or thereafter (instead of "at the time the agreement was signed"). 1/30/2009SenateFiled with Secretary by Sen. Gary G. Dahl 1/30/2009SenateFirst Reading 1/30/2009SenateReferred to Assignments 2/4/2009SenateAssigned to Revenue 2/10/2009SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Gary G. Dahl 2/10/2009SenateSenate Committee Amendment No. 1 Referred to Assignments 2/10/2009SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue 2/11/2009SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Gary G. Dahl 2/11/2009SenateSenate Committee Amendment No. 2 Referred to Assignments 2/18/2009SenateSenate Committee Amendment No. 1 Held in Revenue 2/18/2009SenateDo Pass Revenue; 007-002-000 2/18/2009SenatePlaced on Calendar Order of 2nd Reading February 19, 2009 2/18/2009SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Gary G. Dahl 2/18/2009SenateSenate Floor Amendment No. 3 Referred to Assignments 3/4/2009SenateSenate Floor Amendment No. 4 Filed with Secretary by Sen. Gary G. Dahl 3/4/2009SenateSenate Floor Amendment No. 4 Referred to Assignments 3/13/2009SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments 3/18/2009SenateSenate Floor Amendment No. 4 Assignments Refers to Revenue 3/30/2009SenateSecond Reading 3/30/2009SenatePlaced on Calendar Order of 3rd Reading March 31, 2009 3/31/2009SenateSenate Floor Amendment No. 4 Recommend Do Adopt Revenue; 007-000-000 4/2/2009SenateRecalled to Second Reading 4/2/2009SenateSenate Floor Amendment No. 4 Adopted; Dahl 4/2/2009SenatePlaced on Calendar Order of 3rd Reading 4/2/2009SenateThird Reading - Passed; 057-000-000 4/2/2009SenateSenate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a) 4/2/2009SenateSenate Committee Amendment No. 2 Tabled Pursuant to Rule 5-4(a) 4/2/2009SenateSenate Floor Amendment No. 3 Tabled Pursuant to Rule 5-4(a) 4/2/2009HouseArrived in House 4/2/2009HousePlaced on Calendar Order of First Reading 4/2/2009HouseChief House Sponsor Rep. Careen M. Gordon 4/2/2009HouseFirst Reading 4/2/2009HouseReferred to Rules Committee 4/14/2009HouseAssigned to Revenue & Finance Committee 4/28/2009HouseAdded Alternate Chief Co-Sponsor Rep. Tom Cross 4/30/2009HouseHouse Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee 4/30/2009HouseHouse Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote 4/30/2009HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 012-000-000 4/30/2009HousePlaced on Calendar 2nd Reading - Short Debate 5/6/2009HouseSecond Reading - Short Debate 5/6/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/12/2009HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Careen M. Gordon 5/12/2009HouseHouse Floor Amendment No. 2 Referred to Rules Committee 5/18/2009HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000 5/19/2009HouseRecalled to Second Reading - Short Debate 5/19/2009HouseHouse Floor Amendment No. 2 Adopted by Voice Vote 5/19/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/21/2009HouseThird Reading - Short Debate - Passed 115-000-002 5/21/2009SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2 5/21/2009SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 22, 2009 5/22/2009SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Gary G. Dahl 5/22/2009SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments 5/22/2009SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Gary G. Dahl 5/22/2009SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments 5/26/2009SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Revenue 5/26/2009SenateHouse Floor Amendment No. 2 Motion to Concur Assignments Referred to Revenue 5/26/2009SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 006-000-000 5/26/2009SenateHouse Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Revenue; 006-000-000 5/27/2009SenateHouse Committee Amendment No. 1 Senate Concurs 057-000-000 5/27/2009SenateHouse Floor Amendment No. 2 Senate Concurs 057-000-000 5/27/2009SenatePassed Both Houses 6/25/2009SenateSent to the Governor 8/24/2009SenateGovernor Approved 8/24/2009SenateEffective Date August 24, 2009 8/24/2009SenatePublic Act . . . . . . . . . 96-0609