Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/18-185

35 ILCS 200/18-205

35 ILCS 200/18-242 new

30 ILCS 805/8.43 new

Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if, at the end of any levy year, a taxing district has reserves of 50% or more of its operating budget for that levy year, then, for the next levy year, "extension limitation" means 0% or the rate of increase approved by the voters. Preempts the power of home rule units to tax. Effective immediately.

Actions 

Date	Chamber	Action
2/15/2019	House	Filed with the Clerk by Rep. Fred Crespo
2/15/2019	House	First Reading
2/15/2019	House	Referred to Rules Committee
3/5/2019	House	Assigned to Revenue & Finance Committee
3/14/2019	House	To Property Tax Subcommittee
3/29/2019	House	Rule 19(a) / Re-referred to Rules Committee
2/4/2020	House	Assigned to Revenue & Finance Committee
2/20/2020	House	To Property Tax Subcommittee
6/23/2020	House	Rule 19(b) / Re-referred to Rules Committee
1/13/2021	House	Session Sine Die

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