94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB0405

 

Introduced 1/26/2005, by Rep. Roger L. Eddy

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/18-80

    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.


LRB094 06689 RSP 36783 b

 

 

A BILL FOR

 

HB0405 LRB094 06689 RSP 36783 b

1     AN ACT concerning taxation.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Property Tax Code is amended by changing
5 Section 18-80 as follows:
 
6     (35 ILCS 200/18-80)
7     Sec. 18-80. Time and form of notice. The notice shall
8 appear not more than 14 days nor less than 7 days prior to the
9 date of the public hearing. The notice shall be no less than
10 1/8 page in size, and the smallest type used shall be 12 point
11 and shall be enclosed in a black border no less than 1/4 inch
12 wide. The notice shall not be placed in that portion of the
13 newspaper where legal notices and classified advertisements
14 appear. The notice shall be published in substantially the
15 following form:
16     Notice of Proposed Property Tax Increase for ... (commonly
17 known name of taxing district).
18     I. A public hearing to approve a proposed property tax levy
19 increase for ... (legal name of the taxing district)... for ...
20 (year) ... will be held on ... (date) ... at ... (time) ... at
21 ... (location).
22     Any person desiring to appear at the public hearing and
23 present testimony to the taxing district may contact ... (name,
24 title, address and telephone number of an appropriate
25 official).
26     II. The corporate and special purpose property taxes
27 extended or abated for ... (preceding year) ... were ...
28 (dollar amount of the final aggregate levy as extended, plus
29 the amount abated by the taxing district prior to extension).
30     The proposed estimated corporate and special purpose
31 property taxes to be levied for ... (current year) ... are ...
32 (estimated dollar amount of the proposed aggregate levy). This

 

 

HB0405 - 2 - LRB094 06689 RSP 36783 b

1 represents an estimated a ... (percentage) ... increase over
2 the previous year.
3     III. The property taxes extended for debt service and
4 public building commission leases for ... (preceding year) ...
5 were ... (dollar amount).
6     The estimated property taxes to be levied for debt service
7 and public building commission leases for ... (current year)
8 ... are ... (estimated dollar amount). This represents an
9 estimated a ... (percentage increase or decrease) ... over the
10 previous year.
11     IV. The total property taxes extended or abated for ...
12 (preceding year) ... were ... (dollar amount).
13     The estimated total property taxes to be levied for ...
14 (current year) ... are ... (estimated dollar amount). This
15 represents an estimated a ... (percentage increase or decrease)
16 ... over the previous year.
17     Any notice which includes any information not specified and
18 required by this Article shall be an invalid notice.
19     All hearings shall be open to the public. The corporate
20 authority of the taxing district shall explain the reasons for
21 the proposed increase and shall permit persons desiring to be
22 heard an opportunity to present testimony within reasonable
23 time limits as it determines.
24 (Source: P.A. 92-382, eff. 8-16-01.)
 
25     Section 99. Effective date. This Act takes effect upon
26 becoming law.