HB 5425

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-Aggregate Extension

Abstract

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the limiting rate shall be calculated using the highest aggregate extension from any year in which the taxing district was subject to the Property Tax Extension Limitation Law (currently, the last 3 preceding levy years). Provides that an aggregate extension established for a levy year in which the taxing district was authorized to temporarily increase its limiting rate or its extension limitation may not be used.

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Feb 18, 2020

House

First Reading

House

Referred to Rules Committee

Feb 14, 2020

House

Chief Co-Sponsor Rep. Joe Sosnowski

House

Chief Co-Sponsor Rep. Amy Grant

House

Filed with the Clerk by Rep. Grant Wehrli

House

Co-Sponsor Rep. Tom Weber

House

Co-Sponsor Rep. Lindsay Parkhurst

House

Chief Co-Sponsor Rep. Deanne M. Mazzochi

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