Illinois General Assembly - Bill Status for HB4132

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Bill Status of HB4132 100th General Assembly

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Short Description: PTELL-EXTENSION BASE-ABATEMENT

House Sponsors
Rep. Sheri Jesiel

Last Action

Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/18-185

Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if a taxing district grants a property tax abatement for a defined period of time measured in levy years, then, for the first levy year after the expiration of the abatement, the district's aggregate extension base shall be the taxing district's last preceding aggregate extension, subject to certain adjustments, plus the amount of the expired abatement for the previous levy year. Effective immediately.

Actions

Date	Chamber	Action
10/24/2017	House	Filed with the Clerk by Rep. Sheri Jesiel
10/24/2017	House	First Reading
10/24/2017	House	Referred to Rules Committee
1/8/2019	House	Session Sine Die

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