PROPERTY TAX LIMITATIONS Senate SponsorsSen. Chris Lauzen 1/12/2011SenateSession Sine Die ILCON Art. IX, Sec. 11 ILCON Art. IX, Sec. 12 Proposes to amend the Revenue Article of the Illinois Constitution. Limits the maximum amount of any ad valorem tax on real property to 2% of the fair cash value of such property, to be collected by the counties and apportioned according to law to the districts within the counties. Sets forth various definitions and requirements with respect to the administration of property taxation. Effective upon being declared adopted. 2/25/2009SenateFiled with Secretary 2/25/2009SenateReferred to Assignments 3/5/2009SenateAssigned to Executive 3/12/2009SenateTo Executive Subcommittee on Constitutional Amendments 4/12/2010SenateHeld in Executive; Subcommittee on Constitutional Amendments 4/15/2010SenatePostponed - Executive 1/12/2011SenateSession Sine Die