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<xml>
<title>Illinois General Assembly - Bill Status for HB 5505         </title>
<shortdesc>PROP TX-POLLUTION FACILITIES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Brandon W. Phelps and David McSweeney</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/9-45</reference><aliasreference></aliasreference><reference>35 ILCS 200/11-10</reference><aliasreference></aliasreference><reference>35 ILCS 200/11-15</reference><aliasreference></aliasreference><reference>35 ILCS 200/11-25</reference><aliasreference></aliasreference><SynopsisText>     Amends the Property Tax Code. Provides that property that is used for refining crude oil located in a county of less than 1,000,000 inhabitants, as to which litigation with respect to its assessed valuation is pending or was pending as of January 1, 2011, may be the subject of a real property tax assessment settlement agreement among the taxpayer and taxing districts in which it is situated. Provides that wind turbines and ethanol producing facilities (other than systems, methods, construction, devices, or appliances appurtenant to ethanol producing facilities) are not considered pollution control facilities. In a Section concerning valuation for pollution control facilities, provides that the Department of Revenue shall, when reasonable, (now, the Department "shall") consider certain factors when determining the fair cash value of the facility. Provides that the effective date of a pollution control facility certificate is January 1 of the year in which the certificate is issued. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/13/2014</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Brandon W. Phelps</action>
<statusdate>2/13/2014</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/13/2014</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/20/2014</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/21/2014</statusdate><chamber>House</chamber><action>To Property Tax Subcommittee</action>
<statusdate>3/27/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. David McSweeney</action>
<statusdate>3/28/2014</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

