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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB4404
Introduced 02/03/04, by Roger L. Eddy SYNOPSIS AS INTRODUCED:
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Amends the Truth in Taxation Law in the Property Tax Code. Makes changes concerning the notice required to be published for a public hearing to approve a proposed property tax increase. Provides that for corporate and special purpose property taxes the notice shall set forth the proposed estimated (now, only proposed) corporate and special purpose property taxes to be levied for the current year and provides that the dollar amount supplied in the notice is estimated and the percentage increase or decrease over the previous year is an estimated percentage. In those parts of the notice concerning estimated property taxes to be levied for debt service and public building commission leases and estimated total property taxes to be levied for the current year, provides that the dollar amount stated in the notice is estimated and that the percentage increase or decrease over the previous year is an estimated percentage. Effective immediately.
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A BILL FOR
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HB4404 |
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LRB093 16563 SJM 46271 b |
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| AN ACT concerning taxation.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Property Tax Code is amended by changing |
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| Section 18-80 as follows:
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| (35 ILCS 200/18-80)
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| Sec. 18-80. Time and form of notice. The notice shall |
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| appear not more than
14 days nor less than 7 days prior to the |
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| date of the public hearing. The
notice shall be no less than |
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| 1/8 page in size, and the smallest type used shall
be 12 point |
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| and shall be enclosed in a black border no less than 1/4 inch |
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| wide.
The notice shall not be placed in that portion of the |
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| newspaper where legal
notices and classified advertisements |
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| appear. The notice shall be published in
substantially the |
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| following form:
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| Notice of Proposed Property Tax Increase for ... (commonly |
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| known name of
taxing district).
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| I. A public hearing to approve a proposed property tax levy |
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| increase for
... (legal name of the taxing district)... for ... |
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| (year) ... will be held
on ... (date) ... at ... (time) ... at |
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| ... (location).
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| Any person desiring to appear at the public hearing and |
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| present testimony
to the taxing district may contact ... (name, |
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| title, address and telephone
number of an appropriate |
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| official).
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| II. The corporate and special purpose property taxes |
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| extended or abated
for ... (preceding year) ... were ... |
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| (dollar amount of the final aggregate
levy as extended, plus |
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| the amount abated by the taxing district prior to
extension).
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| The proposed estimated corporate and special purpose |
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| property taxes to be levied
for ... (current year) ... are ... |
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| (estimated dollar amount of the proposed aggregate
levy). This |