101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4702

 

Introduced 2/18/2020, by Rep. Grant Wehrli

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/18-185
35 ILCS 200/18-233 new

    Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a taxing district's aggregate extension base shall be adjusted whenever an assessment decrease due to the issuance of a certificate of error, a court order, or a final administrative decision of the Property Tax Appeal Board results in a refund from the taxing district of a portion of the property tax revenue distributed to the taxing district. Effective immediately.


LRB101 19689 HLH 69182 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB4702LRB101 19689 HLH 69182 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 18-185 and by adding Section 18-233 as follows:
 
6    (35 ILCS 200/18-185)
7    Sec. 18-185. Short title; definitions. This Division 5 may
8be cited as the Property Tax Extension Limitation Law. As used
9in this Division 5:
10    "Consumer Price Index" means the Consumer Price Index for
11All Urban Consumers for all items published by the United
12States Department of Labor.
13    "Extension limitation" means (a) the lesser of 5% or the
14percentage increase in the Consumer Price Index during the
1512-month calendar year preceding the levy year or (b) the rate
16of increase approved by voters under Section 18-205.
17    "Affected county" means a county of 3,000,000 or more
18inhabitants or a county contiguous to a county of 3,000,000 or
19more inhabitants.
20    "Taxing district" has the same meaning provided in Section
211-150, except as otherwise provided in this Section. For the
221991 through 1994 levy years only, "taxing district" includes
23only each non-home rule taxing district having the majority of

 

 

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1its 1990 equalized assessed value within any county or counties
2contiguous to a county with 3,000,000 or more inhabitants.
3Beginning with the 1995 levy year, "taxing district" includes
4only each non-home rule taxing district subject to this Law
5before the 1995 levy year and each non-home rule taxing
6district not subject to this Law before the 1995 levy year
7having the majority of its 1994 equalized assessed value in an
8affected county or counties. Beginning with the levy year in
9which this Law becomes applicable to a taxing district as
10provided in Section 18-213, "taxing district" also includes
11those taxing districts made subject to this Law as provided in
12Section 18-213.
13    "Aggregate extension" for taxing districts to which this
14Law applied before the 1995 levy year means the annual
15corporate extension for the taxing district and those special
16purpose extensions that are made annually for the taxing
17district, excluding special purpose extensions: (a) made for
18the taxing district to pay interest or principal on general
19obligation bonds that were approved by referendum; (b) made for
20any taxing district to pay interest or principal on general
21obligation bonds issued before October 1, 1991; (c) made for
22any taxing district to pay interest or principal on bonds
23issued to refund or continue to refund those bonds issued
24before October 1, 1991; (d) made for any taxing district to pay
25interest or principal on bonds issued to refund or continue to
26refund bonds issued after October 1, 1991 that were approved by

 

 

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1referendum; (e) made for any taxing district to pay interest or
2principal on revenue bonds issued before October 1, 1991 for
3payment of which a property tax levy or the full faith and
4credit of the unit of local government is pledged; however, a
5tax for the payment of interest or principal on those bonds
6shall be made only after the governing body of the unit of
7local government finds that all other sources for payment are
8insufficient to make those payments; (f) made for payments
9under a building commission lease when the lease payments are
10for the retirement of bonds issued by the commission before
11October 1, 1991, to pay for the building project; (g) made for
12payments due under installment contracts entered into before
13October 1, 1991; (h) made for payments of principal and
14interest on bonds issued under the Metropolitan Water
15Reclamation District Act to finance construction projects
16initiated before October 1, 1991; (i) made for payments of
17principal and interest on limited bonds, as defined in Section
183 of the Local Government Debt Reform Act, in an amount not to
19exceed the debt service extension base less the amount in items
20(b), (c), (e), and (h) of this definition for non-referendum
21obligations, except obligations initially issued pursuant to
22referendum; (j) made for payments of principal and interest on
23bonds issued under Section 15 of the Local Government Debt
24Reform Act; (k) made by a school district that participates in
25the Special Education District of Lake County, created by
26special education joint agreement under Section 10-22.31 of the

 

 

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1School Code, for payment of the school district's share of the
2amounts required to be contributed by the Special Education
3District of Lake County to the Illinois Municipal Retirement
4Fund under Article 7 of the Illinois Pension Code; the amount
5of any extension under this item (k) shall be certified by the
6school district to the county clerk; (l) made to fund expenses
7of providing joint recreational programs for persons with
8disabilities under Section 5-8 of the Park District Code or
9Section 11-95-14 of the Illinois Municipal Code; (m) made for
10temporary relocation loan repayment purposes pursuant to
11Sections 2-3.77 and 17-2.2d of the School Code; (n) made for
12payment of principal and interest on any bonds issued under the
13authority of Section 17-2.2d of the School Code; (o) made for
14contributions to a firefighter's pension fund created under
15Article 4 of the Illinois Pension Code, to the extent of the
16amount certified under item (5) of Section 4-134 of the
17Illinois Pension Code; and (p) made for road purposes in the
18first year after a township assumes the rights, powers, duties,
19assets, property, liabilities, obligations, and
20responsibilities of a road district abolished under the
21provisions of Section 6-133 of the Illinois Highway Code.
22    "Aggregate extension" for the taxing districts to which
23this Law did not apply before the 1995 levy year (except taxing
24districts subject to this Law in accordance with Section
2518-213) means the annual corporate extension for the taxing
26district and those special purpose extensions that are made

 

 

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1annually for the taxing district, excluding special purpose
2extensions: (a) made for the taxing district to pay interest or
3principal on general obligation bonds that were approved by
4referendum; (b) made for any taxing district to pay interest or
5principal on general obligation bonds issued before March 1,
61995; (c) made for any taxing district to pay interest or
7principal on bonds issued to refund or continue to refund those
8bonds issued before March 1, 1995; (d) made for any taxing
9district to pay interest or principal on bonds issued to refund
10or continue to refund bonds issued after March 1, 1995 that
11were approved by referendum; (e) made for any taxing district
12to pay interest or principal on revenue bonds issued before
13March 1, 1995 for payment of which a property tax levy or the
14full faith and credit of the unit of local government is
15pledged; however, a tax for the payment of interest or
16principal on those bonds shall be made only after the governing
17body of the unit of local government finds that all other
18sources for payment are insufficient to make those payments;
19(f) made for payments under a building commission lease when
20the lease payments are for the retirement of bonds issued by
21the commission before March 1, 1995 to pay for the building
22project; (g) made for payments due under installment contracts
23entered into before March 1, 1995; (h) made for payments of
24principal and interest on bonds issued under the Metropolitan
25Water Reclamation District Act to finance construction
26projects initiated before October 1, 1991; (h-4) made for

 

 

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1stormwater management purposes by the Metropolitan Water
2Reclamation District of Greater Chicago under Section 12 of the
3Metropolitan Water Reclamation District Act; (i) made for
4payments of principal and interest on limited bonds, as defined
5in Section 3 of the Local Government Debt Reform Act, in an
6amount not to exceed the debt service extension base less the
7amount in items (b), (c), and (e) of this definition for
8non-referendum obligations, except obligations initially
9issued pursuant to referendum and bonds described in subsection
10(h) of this definition; (j) made for payments of principal and
11interest on bonds issued under Section 15 of the Local
12Government Debt Reform Act; (k) made for payments of principal
13and interest on bonds authorized by Public Act 88-503 and
14issued under Section 20a of the Chicago Park District Act for
15aquarium or museum projects; (l) made for payments of principal
16and interest on bonds authorized by Public Act 87-1191 or
1793-601 and (i) issued pursuant to Section 21.2 of the Cook
18County Forest Preserve District Act, (ii) issued under Section
1942 of the Cook County Forest Preserve District Act for
20zoological park projects, or (iii) issued under Section 44.1 of
21the Cook County Forest Preserve District Act for botanical
22gardens projects; (m) made pursuant to Section 34-53.5 of the
23School Code, whether levied annually or not; (n) made to fund
24expenses of providing joint recreational programs for persons
25with disabilities under Section 5-8 of the Park District Code
26or Section 11-95-14 of the Illinois Municipal Code; (o) made by

 

 

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1the Chicago Park District for recreational programs for persons
2with disabilities under subsection (c) of Section 7.06 of the
3Chicago Park District Act; (p) made for contributions to a
4firefighter's pension fund created under Article 4 of the
5Illinois Pension Code, to the extent of the amount certified
6under item (5) of Section 4-134 of the Illinois Pension Code;
7(q) made by Ford Heights School District 169 under Section
817-9.02 of the School Code; and (r) made for the purpose of
9making employer contributions to the Public School Teachers'
10Pension and Retirement Fund of Chicago under Section 34-53 of
11the School Code.
12    "Aggregate extension" for all taxing districts to which
13this Law applies in accordance with Section 18-213, except for
14those taxing districts subject to paragraph (2) of subsection
15(e) of Section 18-213, means the annual corporate extension for
16the taxing district and those special purpose extensions that
17are made annually for the taxing district, excluding special
18purpose extensions: (a) made for the taxing district to pay
19interest or principal on general obligation bonds that were
20approved by referendum; (b) made for any taxing district to pay
21interest or principal on general obligation bonds issued before
22the date on which the referendum making this Law applicable to
23the taxing district is held; (c) made for any taxing district
24to pay interest or principal on bonds issued to refund or
25continue to refund those bonds issued before the date on which
26the referendum making this Law applicable to the taxing

 

 

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1district is held; (d) made for any taxing district to pay
2interest or principal on bonds issued to refund or continue to
3refund bonds issued after the date on which the referendum
4making this Law applicable to the taxing district is held if
5the bonds were approved by referendum after the date on which
6the referendum making this Law applicable to the taxing
7district is held; (e) made for any taxing district to pay
8interest or principal on revenue bonds issued before the date
9on which the referendum making this Law applicable to the
10taxing district is held for payment of which a property tax
11levy or the full faith and credit of the unit of local
12government is pledged; however, a tax for the payment of
13interest or principal on those bonds shall be made only after
14the governing body of the unit of local government finds that
15all other sources for payment are insufficient to make those
16payments; (f) made for payments under a building commission
17lease when the lease payments are for the retirement of bonds
18issued by the commission before the date on which the
19referendum making this Law applicable to the taxing district is
20held to pay for the building project; (g) made for payments due
21under installment contracts entered into before the date on
22which the referendum making this Law applicable to the taxing
23district is held; (h) made for payments of principal and
24interest on limited bonds, as defined in Section 3 of the Local
25Government Debt Reform Act, in an amount not to exceed the debt
26service extension base less the amount in items (b), (c), and

 

 

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1(e) of this definition for non-referendum obligations, except
2obligations initially issued pursuant to referendum; (i) made
3for payments of principal and interest on bonds issued under
4Section 15 of the Local Government Debt Reform Act; (j) made
5for a qualified airport authority to pay interest or principal
6on general obligation bonds issued for the purpose of paying
7obligations due under, or financing airport facilities
8required to be acquired, constructed, installed or equipped
9pursuant to, contracts entered into before March 1, 1996 (but
10not including any amendments to such a contract taking effect
11on or after that date); (k) made to fund expenses of providing
12joint recreational programs for persons with disabilities
13under Section 5-8 of the Park District Code or Section 11-95-14
14of the Illinois Municipal Code; (l) made for contributions to a
15firefighter's pension fund created under Article 4 of the
16Illinois Pension Code, to the extent of the amount certified
17under item (5) of Section 4-134 of the Illinois Pension Code;
18and (m) made for the taxing district to pay interest or
19principal on general obligation bonds issued pursuant to
20Section 19-3.10 of the School Code.
21    "Aggregate extension" for all taxing districts to which
22this Law applies in accordance with paragraph (2) of subsection
23(e) of Section 18-213 means the annual corporate extension for
24the taxing district and those special purpose extensions that
25are made annually for the taxing district, excluding special
26purpose extensions: (a) made for the taxing district to pay

 

 

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1interest or principal on general obligation bonds that were
2approved by referendum; (b) made for any taxing district to pay
3interest or principal on general obligation bonds issued before
4March 7, 1997 (the effective date of Public Act 89-718) this
5amendatory Act of 1997; (c) made for any taxing district to pay
6interest or principal on bonds issued to refund or continue to
7refund those bonds issued before March 7, 1997 (the effective
8date of Public Act 89-718) this amendatory Act of 1997; (d)
9made for any taxing district to pay interest or principal on
10bonds issued to refund or continue to refund bonds issued after
11March 7, 1997 (the effective date of Public Act 89-718) this
12amendatory Act of 1997 if the bonds were approved by referendum
13after March 7, 1997 (the effective date of Public Act 89-718)
14this amendatory Act of 1997; (e) made for any taxing district
15to pay interest or principal on revenue bonds issued before
16March 7, 1997 (the effective date of Public Act 89-718) this
17amendatory Act of 1997 for payment of which a property tax levy
18or the full faith and credit of the unit of local government is
19pledged; however, a tax for the payment of interest or
20principal on those bonds shall be made only after the governing
21body of the unit of local government finds that all other
22sources for payment are insufficient to make those payments;
23(f) made for payments under a building commission lease when
24the lease payments are for the retirement of bonds issued by
25the commission before March 7, 1997 (the effective date of
26Public Act 89-718) this amendatory Act of 1997 to pay for the

 

 

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1building project; (g) made for payments due under installment
2contracts entered into before March 7, 1997 (the effective date
3of Public Act 89-718) this amendatory Act of 1997; (h) made for
4payments of principal and interest on limited bonds, as defined
5in Section 3 of the Local Government Debt Reform Act, in an
6amount not to exceed the debt service extension base less the
7amount in items (b), (c), and (e) of this definition for
8non-referendum obligations, except obligations initially
9issued pursuant to referendum; (i) made for payments of
10principal and interest on bonds issued under Section 15 of the
11Local Government Debt Reform Act; (j) made for a qualified
12airport authority to pay interest or principal on general
13obligation bonds issued for the purpose of paying obligations
14due under, or financing airport facilities required to be
15acquired, constructed, installed or equipped pursuant to,
16contracts entered into before March 1, 1996 (but not including
17any amendments to such a contract taking effect on or after
18that date); (k) made to fund expenses of providing joint
19recreational programs for persons with disabilities under
20Section 5-8 of the Park District Code or Section 11-95-14 of
21the Illinois Municipal Code; and (l) made for contributions to
22a firefighter's pension fund created under Article 4 of the
23Illinois Pension Code, to the extent of the amount certified
24under item (5) of Section 4-134 of the Illinois Pension Code.
25    "Debt service extension base" means an amount equal to that
26portion of the extension for a taxing district for the 1994

 

 

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1levy year, or for those taxing districts subject to this Law in
2accordance with Section 18-213, except for those subject to
3paragraph (2) of subsection (e) of Section 18-213, for the levy
4year in which the referendum making this Law applicable to the
5taxing district is held, or for those taxing districts subject
6to this Law in accordance with paragraph (2) of subsection (e)
7of Section 18-213 for the 1996 levy year, constituting an
8extension for payment of principal and interest on bonds issued
9by the taxing district without referendum, but not including
10excluded non-referendum bonds. For park districts (i) that were
11first subject to this Law in 1991 or 1995 and (ii) whose
12extension for the 1994 levy year for the payment of principal
13and interest on bonds issued by the park district without
14referendum (but not including excluded non-referendum bonds)
15was less than 51% of the amount for the 1991 levy year
16constituting an extension for payment of principal and interest
17on bonds issued by the park district without referendum (but
18not including excluded non-referendum bonds), "debt service
19extension base" means an amount equal to that portion of the
20extension for the 1991 levy year constituting an extension for
21payment of principal and interest on bonds issued by the park
22district without referendum (but not including excluded
23non-referendum bonds). A debt service extension base
24established or increased at any time pursuant to any provision
25of this Law, except Section 18-212, shall be increased each
26year commencing with the later of (i) the 2009 levy year or

 

 

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1(ii) the first levy year in which this Law becomes applicable
2to the taxing district, by the lesser of 5% or the percentage
3increase in the Consumer Price Index during the 12-month
4calendar year preceding the levy year. The debt service
5extension base may be established or increased as provided
6under Section 18-212. "Excluded non-referendum bonds" means
7(i) bonds authorized by Public Act 88-503 and issued under
8Section 20a of the Chicago Park District Act for aquarium and
9museum projects; (ii) bonds issued under Section 15 of the
10Local Government Debt Reform Act; or (iii) refunding
11obligations issued to refund or to continue to refund
12obligations initially issued pursuant to referendum.
13    "Special purpose extensions" include, but are not limited
14to, extensions for levies made on an annual basis for
15unemployment and workers' compensation, self-insurance,
16contributions to pension plans, and extensions made pursuant to
17Section 6-601 of the Illinois Highway Code for a road
18district's permanent road fund whether levied annually or not.
19The extension for a special service area is not included in the
20aggregate extension.
21    "Aggregate extension base" means the taxing district's
22last preceding aggregate extension, as adjusted under Sections
2318-135, 18-215, 18-230, and 18-206, and 18-233, plus the amount
24of any abatement granted in the last preceding levy year under
25subsection (c) of Section 18-165. An adjustment under Section
2618-135 shall be made for the 2007 levy year and all subsequent

 

 

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1levy years whenever one or more counties within which a taxing
2district is located (i) used estimated valuations or rates when
3extending taxes in the taxing district for the last preceding
4levy year that resulted in the over or under extension of
5taxes, or (ii) increased or decreased the tax extension for the
6last preceding levy year as required by Section 18-135(c).
7Whenever an adjustment is required under Section 18-135, the
8aggregate extension base of the taxing district shall be equal
9to the amount that the aggregate extension of the taxing
10district would have been for the last preceding levy year if
11either or both (i) actual, rather than estimated, valuations or
12rates had been used to calculate the extension of taxes for the
13last levy year, or (ii) the tax extension for the last
14preceding levy year had not been adjusted as required by
15subsection (c) of Section 18-135. Whenever an adjustment is
16required under Section 18-233, the aggregate extension base of
17the taxing district shall be equal to the amount that the
18aggregate extension of the taxing district would have been for
19the last preceding levy year if the actual valuations and
20rates, as adjusted for the increases or reductions specified in
21Section 18-233, had been used to calculate the extension of
22taxes for the levy year in which the overextension or
23underextension occurred.
24    Notwithstanding any other provision of law, for levy year
252012, the aggregate extension base for West Northfield School
26District No. 31 in Cook County shall be $12,654,592.

 

 

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1    "Levy year" has the same meaning as "year" under Section
21-155.
3    "New property" means (i) the assessed value, after final
4board of review or board of appeals action, of new improvements
5or additions to existing improvements on any parcel of real
6property that increase the assessed value of that real property
7during the levy year multiplied by the equalization factor
8issued by the Department under Section 17-30, (ii) the assessed
9value, after final board of review or board of appeals action,
10of real property not exempt from real estate taxation, which
11real property was exempt from real estate taxation for any
12portion of the immediately preceding levy year, multiplied by
13the equalization factor issued by the Department under Section
1417-30, including the assessed value, upon final stabilization
15of occupancy after new construction is complete, of any real
16property located within the boundaries of an otherwise or
17previously exempt military reservation that is intended for
18residential use and owned by or leased to a private corporation
19or other entity, (iii) in counties that classify in accordance
20with Section 4 of Article IX of the Illinois Constitution, an
21incentive property's additional assessed value resulting from
22a scheduled increase in the level of assessment as applied to
23the first year final board of review market value, and (iv) any
24increase in assessed value due to oil or gas production from an
25oil or gas well required to be permitted under the Hydraulic
26Fracturing Regulatory Act that was not produced in or accounted

 

 

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1for during the previous levy year. In addition, the county
2clerk in a county containing a population of 3,000,000 or more
3shall include in the 1997 recovered tax increment value for any
4school district, any recovered tax increment value that was
5applicable to the 1995 tax year calculations.
6    "Qualified airport authority" means an airport authority
7organized under the Airport Authorities Act and located in a
8county bordering on the State of Wisconsin and having a
9population in excess of 200,000 and not greater than 500,000.
10    "Recovered tax increment value" means, except as otherwise
11provided in this paragraph, the amount of the current year's
12equalized assessed value, in the first year after a
13municipality terminates the designation of an area as a
14redevelopment project area previously established under the
15Tax Increment Allocation Redevelopment Development Act in the
16Illinois Municipal Code, previously established under the
17Industrial Jobs Recovery Law in the Illinois Municipal Code,
18previously established under the Economic Development Project
19Area Tax Increment Act of 1995, or previously established under
20the Economic Development Area Tax Increment Allocation Act, of
21each taxable lot, block, tract, or parcel of real property in
22the redevelopment project area over and above the initial
23equalized assessed value of each property in the redevelopment
24project area. For the taxes which are extended for the 1997
25levy year, the recovered tax increment value for a non-home
26rule taxing district that first became subject to this Law for

 

 

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1the 1995 levy year because a majority of its 1994 equalized
2assessed value was in an affected county or counties shall be
3increased if a municipality terminated the designation of an
4area in 1993 as a redevelopment project area previously
5established under the Tax Increment Allocation Redevelopment
6Development Act in the Illinois Municipal Code, previously
7established under the Industrial Jobs Recovery Law in the
8Illinois Municipal Code, or previously established under the
9Economic Development Area Tax Increment Allocation Act, by an
10amount equal to the 1994 equalized assessed value of each
11taxable lot, block, tract, or parcel of real property in the
12redevelopment project area over and above the initial equalized
13assessed value of each property in the redevelopment project
14area. In the first year after a municipality removes a taxable
15lot, block, tract, or parcel of real property from a
16redevelopment project area established under the Tax Increment
17Allocation Redevelopment Development Act in the Illinois
18Municipal Code, the Industrial Jobs Recovery Law in the
19Illinois Municipal Code, or the Economic Development Area Tax
20Increment Allocation Act, "recovered tax increment value"
21means the amount of the current year's equalized assessed value
22of each taxable lot, block, tract, or parcel of real property
23removed from the redevelopment project area over and above the
24initial equalized assessed value of that real property before
25removal from the redevelopment project area.
26    Except as otherwise provided in this Section, "limiting

 

 

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1rate" means a fraction the numerator of which is the last
2preceding aggregate extension base times an amount equal to one
3plus the extension limitation defined in this Section and the
4denominator of which is the current year's equalized assessed
5value of all real property in the territory under the
6jurisdiction of the taxing district during the prior levy year.
7For those taxing districts that reduced their aggregate
8extension for the last preceding levy year, except for school
9districts that reduced their extension for educational
10purposes pursuant to Section 18-206, the highest aggregate
11extension in any of the last 3 preceding levy years shall be
12used for the purpose of computing the limiting rate. The
13denominator shall not include new property or the recovered tax
14increment value. If a new rate, a rate decrease, or a limiting
15rate increase has been approved at an election held after March
1621, 2006, then (i) the otherwise applicable limiting rate shall
17be increased by the amount of the new rate or shall be reduced
18by the amount of the rate decrease, as the case may be, or (ii)
19in the case of a limiting rate increase, the limiting rate
20shall be equal to the rate set forth in the proposition
21approved by the voters for each of the years specified in the
22proposition, after which the limiting rate of the taxing
23district shall be calculated as otherwise provided. In the case
24of a taxing district that obtained referendum approval for an
25increased limiting rate on March 20, 2012, the limiting rate
26for tax year 2012 shall be the rate that generates the

 

 

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1approximate total amount of taxes extendable for that tax year,
2as set forth in the proposition approved by the voters; this
3rate shall be the final rate applied by the county clerk for
4the aggregate of all capped funds of the district for tax year
52012.
6(Source: P.A. 99-143, eff. 7-27-15; 99-521, eff. 6-1-17;
7100-465, eff. 8-31-17; revised 8-12-19.)
 
8    (35 ILCS 200/18-233 new)
9    Sec. 18-233. Adjustments for certificates of error,
10certain court orders, or final administrative decisions of the
11Property Tax Appeal Board. Beginning in levy year 2020, a
12taxing district levy shall be increased by a prior year
13adjustment whenever an assessment decrease due to the issuance
14of a certificate of error, a court order issued pursuant to an
15assessment valuation complaint under Section 23-15, or a final
16administrative decision of the Property Tax Appeal Board
17results in a refund from the taxing district of a portion of
18the property tax revenue distributed to the taxing district.
19Whenever an adjustment is required under this Section, the
20aggregate levy of the taxing district shall be increased by a
21supplemental levy to recapture the property tax revenue lost by
22the refunds paid by the taxing district. The supplemental levy
23shall be applied by the county clerk annually to the taxing
24district's total levy in an amount determined by the county
25treasurer who shall certify to the county clerk the aggregate

 

 

HB4702- 20 -LRB101 19689 HLH 69182 b

1refunds paid by a taxing district for purposes of this Section.
2The supplemental levy may not exceed an amount equal to the
3aggregate refunds paid by the taxing district for the 12-month
4period prior to November 1 of each year. On or before November
515 of each year, the county treasurer shall certify the
6aggregate refunds paid by a taxing district during such
712-month period for purposes of this Section. For purposes of
8this Division, the taxing district's aggregate extension base
9shall not include the supplemental levy authorized under this
10Section.
 
11    Section 99. Effective date. This Act takes effect upon
12becoming law.