SB 4160

  • Illinois Senate Bill
  • 102nd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Revenue-Various

Abstract

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a taxing district shall reduce its aggregate extension base for the purpose of lowering its limiting rate for future years upon referendum approval initiated by the submission of a petition by the voters of the district. Provides that the extension limitation shall be: (a) the lesser of 5% or the average percentage increase in the Consumer Price Index for the 10 years immediately preceding the levy year for which the extension limitation is being calculated; or (b) the rate of increase approved by the voters. Effective immediately.

Bill Sponsors (15)

Votes


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Actions


Jan 10, 2023

Senate

Session Sine Die

Mar 09, 2022

Senate

Added as Co-Sponsor Sen. Dale Fowler

Mar 08, 2022

Senate

Added as Co-Sponsor Sen. Jason Plummer

Mar 01, 2022

Senate

Added as Co-Sponsor Sen. Steve McClure

Senate

Added as Co-Sponsor Sen. Win Stoller

Senate

Added as Co-Sponsor Sen. Jason A. Barickman

Senate

Added as Co-Sponsor Sen. Dave Syverson

Feb 28, 2022

Senate

Added as Co-Sponsor Sen. Donald P. DeWitte

Feb 15, 2022

Senate

Added as Co-Sponsor Sen. Sue Rezin

Feb 10, 2022

Senate

Added as Co-Sponsor Sen. Sally J. Turner

Senate

Added as Chief Co-Sponsor Sen. Jil Tracy

Senate

Added as Co-Sponsor Sen. Terri Bryant

Senate

Added as Co-Sponsor Sen. Craig Wilcox

Senate

Added as Co-Sponsor Sen. Darren Bailey

Senate

Added as Chief Co-Sponsor Sen. Brian W. Stewart

Feb 09, 2022

Senate

Filed with Secretary by Sen. Dan McConchie

Senate

Chief Sponsor Changed to Sen. Dan McConchie

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

Document Format
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Sources

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