PROP TX-ASSESSMENTS House SponsorsRep. Dennis M. Reboletti-Sandy Cole-Dwight Kay-Timothy L. Schmitz 1/8/2013HouseSession Sine Die 35 ILCS 200/1-55 Amends the Property Tax Code. Provides that, for the purposes of the definition of 33 1/3%, the fair cash value of property is determined by the lesser of: (1) the Department of Revenue's sales ratio studies for the 3 most recent years preceding the assessment year; or (2) the valuation of the property in the prior year (under the current law, the fair cash value is based on the sales ratio studies). 2/17/2011HouseFiled with the Clerk by Rep. Dennis M. Reboletti 2/17/2011HouseFirst Reading 2/17/2011HouseReferred to Rules Committee 2/23/2011HouseAssigned to Revenue & Finance Committee 3/17/2011HouseRule 19(a) / Re-referred to Rules Committee 7/20/2011HouseAdded Chief Co-Sponsor Rep. Sandy Cole 7/21/2011HouseAdded Chief Co-Sponsor Rep. Dwight Kay 11/9/2011HouseAdded Chief Co-Sponsor Rep. Timothy L. Schmitz 1/8/2013HouseSession Sine Die