Bill Status of SB 3314   97th General Assembly

Short Description:  PROP TX-EQUALIZATION FACTOR

Senate Sponsors
Sen. Don Harmon

House Sponsors
(Rep. Michael J. Zalewski-Carol A. Sente-Fred Crespo-Sidney H. Mathias-John D'Amico, Elaine Nekritz, Lawrence M. Walsh, Jr., Keith Farnham and Michelle Mussman)


Last Action  View All Actions

DateChamber Action
  8/24/2012SenatePublic Act . . . . . . . . . 97-1087

Statutes Amended In Order of Appearance
35 ILCS 200/18-190
35 ILCS 200/18-205

Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the approximate amount of the tax extendable, as stated on the referendum question submitted to impose a new or increased limiting rate or increase the extension limitation, shall be calculated (i) without regard to any property tax exemptions and (ii) using an equalized assessed value calculated by multiplying the percentage level of assessment prescribed for such property by statute or by ordinance of the county board by the most recent final equalization factor certified to the county clerk by the Department of Revenue at the time the taxing district initiates the submission of the proposition to the electors. Effective immediately.

Senate Floor Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Provides that the approximate amount of the tax extendable, as stated on the referendum question submitted to impose a new or increased limiting rate, shall be calculated by multiplying $100,000 by (i) the percentage level of assessment prescribed for that property by statute, or by ordinance of the county board in counties that classify property for purposes of taxation in accordance with Section 4 of Article IX of the Illinois Constitution; (ii) the most recent final equalization factor certified to the county clerk by the Department of Revenue at the time the taxing district initiates the submission of the proposition to the electors; and (iii) either the new rate or the amount by which the limiting rate is to be increased. Provides that the approximate amount of the additional tax extendable, as stated on the referendum question submitted to increase the extension limitation, shall be calculated by multiplying $100,000 by (i) the percentage level of assessment prescribed for that property by statute, or by ordinance of the county board in counties that classify property for purposes of taxation in accordance with Section 4 of Article IX of the Illinois Constitution; (ii) the most recent final equalization factor certified to the county clerk by the Department of Revenue at the time the taxing district initiates the submission of the proposition to the electors; (iii) the last known aggregate extension base of the taxing district at the time the submission of the question is initiated by the taxing district; and (iv) the difference between the percentage increase proposed in the question and the lesser of 5% or the percentage increase in the Consumer Price Index for the prior levy year; and dividing the result by the last known equalized assessed value of the taxing district at the time the submission of the question is initiated by the taxing district. Effective immediately.

House Floor Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill with changes. Provides that the amendatory Act is intended to clarify existing requirements, and shall not be construed to validate any prior non-compliant referendum language. Effective immediately.

Actions 
DateChamber Action
  2/7/2012SenateFiled with Secretary by Sen. Don Harmon
  2/7/2012SenateFirst Reading
  2/7/2012SenateReferred to Assignments
  2/17/2012SenateAssigned to Revenue
  2/24/2012SenateDo Pass Revenue; 010-000-000
  2/24/2012SenatePlaced on Calendar Order of 2nd Reading February 27, 2012
  2/27/2012SenateSecond Reading
  2/27/2012SenatePlaced on Calendar Order of 3rd Reading February 28, 2012
  3/5/2012SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon
  3/5/2012SenateSenate Floor Amendment No. 1 Referred to Assignments
  3/6/2012SenateSenate Floor Amendment No. 1 Assignments Refers to Revenue
  3/27/2012SenateSenate Floor Amendment No. 1 Recommend Do Adopt Revenue; 010-000-000
  3/29/2012SenateRecalled to Second Reading
  3/29/2012SenateSenate Floor Amendment No. 1 Adopted; Harmon
  3/29/2012SenatePlaced on Calendar Order of 3rd Reading
  3/29/2012SenateThird Reading - Passed; 057-000-000
  3/29/2012HouseArrived in House
  3/29/2012HouseChief House Sponsor Rep. Michael J. Zalewski
  3/29/2012HousePlaced on Calendar Order of First Reading
  3/29/2012HouseFirst Reading
  3/29/2012HouseReferred to Rules Committee
  4/16/2012HouseAssigned to Revenue & Finance Committee
  4/19/2012HouseAdded Alternate Chief Co-Sponsor Rep. Carol A. Sente
  4/19/2012HouseAdded Alternate Chief Co-Sponsor Rep. Fred Crespo
  4/26/2012HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000
  4/26/2012HouseRemains in Revenue & Finance Committee
  5/3/2012HouseDo Pass / Short Debate Revenue & Finance Committee; 009-000-000
  5/3/2012HousePlaced on Calendar 2nd Reading - Short Debate
  5/7/2012HouseAdded Alternate Co-Sponsor Rep. Elaine Nekritz
  5/11/2012HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
  5/11/2012HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  5/15/2012HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000
  5/21/2012HouseAdded Alternate Co-Sponsor Rep. Lawrence M. Walsh, Jr.
  5/21/2012HouseAdded Alternate Co-Sponsor Rep. Keith Farnham
  5/21/2012HouseAdded Alternate Co-Sponsor Rep. Michelle Mussman
  5/21/2012HouseSecond Reading - Short Debate
  5/21/2012HouseHouse Floor Amendment No. 1 Adopted by Voice Vote
  5/21/2012HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/23/2012HouseAdded Alternate Chief Co-Sponsor Rep. Sidney H. Mathias
  5/23/2012HouseAdded Alternate Chief Co-Sponsor Rep. John D'Amico
  5/23/2012HouseThird Reading - Short Debate - Passed 118-000-000
  5/23/2012SenateSecretary's Desk - Concurrence House Amendment(s) 1
  5/23/2012SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 24, 2012
  5/24/2012SenateHouse Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon
  5/24/2012SenateHouse Floor Amendment No. 1 Motion to Concur Referred to Assignments
  5/25/2012SenateHouse Floor Amendment No. 1 Motion to Concur Assignments Referred to Revenue
  5/29/2012SenateHouse Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 006-000-000
  5/30/2012SenateHouse Floor Amendment No. 1 Senate Concurs 055-000-000
  5/30/2012SenatePassed Both Houses
  6/28/2012SenateSent to the Governor
  8/24/2012SenateGovernor Approved
  8/24/2012SenateEffective Date August 24, 2012
  8/24/2012SenatePublic Act . . . . . . . . . 97-1087

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