PROP TX-STIPULATE ASSESSMENTS House SponsorsRep. David R. Leitch-Dwight Kay 1/8/2013HouseSession Sine Die 35 ILCS 200/16-181 new Amends the Property Tax Code. Provides that a board of review may enter into discussions with a taxpayer aimed at achieving a stipulated revised assessment upon the property. Contains provisions concerning notice provided to taxing districts. Contains provisions concerning objections by taxing districts to the proposed assessment, and requires that those objections be submitted to the board of review within 45 days after the district receives notice of the proposed assessment. Provides that, within 120 days after the Property Tax Appeal Board's receipt of the stipulation or assessment agreement, the Property Tax Appeal Board shall issue a decision in accordance with the stipulation or assessment agreement, unless it finds that the Property Tax Appeal Board lacks jurisdiction over the appeal or that the stipulation or assessment agreement is against the manifest weight of the evidence. Contains provisions concerning notice to taxing districts. Provides that discussions of a proposed settlement may not be used as evidence in any hearing with respect to that assessment year and that property. Effective immediately. 1/3/2012HouseFiled with the Clerk by Rep. David R. Leitch 1/10/2012HouseFirst Reading 1/10/2012HouseReferred to Rules Committee 1/24/2012HouseAdded Chief Co-Sponsor Rep. Dwight Kay 1/30/2012HouseAssigned to Revenue & Finance Committee 3/9/2012HouseRule 19(a) / Re-referred to Rules Committee 1/8/2013HouseSession Sine Die