HB 5435

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

Prop Tx-Debt Levy

Abstract

Creates the Taxing Body Refinancing by Popular Vote Act. Provides that no taxing district may renew or refinance its indebtedness in a way that requires the extension of property taxes for the payment of debt service in a taxable year that is later than the taxable year in which the indebtedness would otherwise mature unless the question of such renewal or refinancing is submitted to the electors of the district at a regular election and approved by a majority of the electors voting on the question.

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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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