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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Property Tax Code is amended by changing | ||||||
5 | Section 18-210 as follows:
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6 | (35 ILCS 200/18-210)
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7 | Sec. 18-210. Establishing a new levy. Except as provided in | ||||||
8 | Section 18-215,
as it relates to a transfer of a service, | ||||||
9 | before a county clerk may extend
taxes for funds subject to the | ||||||
10 | limitations of this Law, a new taxing district
or a taxing | ||||||
11 | district with an aggregate extension base of zero shall hold a
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12 | referendum establishing a maximum aggregate extension for the | ||||||
13 | levy year. The
maximum aggregate extension is established for | ||||||
14 | the current levy year if a
taxing district has held a | ||||||
15 | referendum before the levy date at which the
majority voting on | ||||||
16 | the issue approves its adoption. The referendum under this
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17 | Section may be held at the same time as the referendum on | ||||||
18 | creating a new taxing
district. The question shall be submitted | ||||||
19 | to the voters at a regularly
scheduled election in accordance | ||||||
20 | with the Election Code
provided that notice of referendum, if | ||||||
21 | held
before July 1, 1999,
has been given in accordance with the | ||||||
22 | provisions of Section
12-5
of the Election Code in effect at | ||||||
23 | the time of the bond referendum, at least
10 and not more than |
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1 | 45 days before the date of
the election, notwithstanding the | ||||||
2 | time for publication otherwise imposed by
Section 12-5.
Notices | ||||||
3 | required in connection with the submission of public questions | ||||||
4 | on or
after
July 1, 1999 shall be as set forth in Section 12-5 | ||||||
5 | of the Election Code. The
question shall be submitted
in | ||||||
6 | substantially the
following form:
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7 | -------------------------------------------------------------
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8 | Under the Property Tax Extension
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9 | Limitation Law, may an YES
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10 | aggregate extension not to exceed ...
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11 | (aggregate extension amount) ... ---------------------
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12 | be made for the ... (taxing
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13 | district name) ... for the NO
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14 | ... (levy year) ... levy year?
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15 | -------------------------------------------------------------
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16 | If a majority of voters voting on the increase approves the | ||||||
17 | adoption of the
aggregate extension, the extension shall be | ||||||
18 | effective for the levy year
specified.
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19 | The question of establishing a maximum aggregate extension | ||||||
20 | may be combined with the question of forming or establishing a | ||||||
21 | new taxing district, in which case the question shall be | ||||||
22 | submitted in substantially the
following form: | ||||||
23 | Shall the (taxing district) be formed (or established) | ||||||
24 | and have an aggregate extension under the Property Tax | ||||||
25 | Extension Limitation Law not to exceed (aggregate | ||||||
26 | extension amount) for the (levy year)? |
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1 | The votes must be recorded as "Yes" or "No". | ||||||
2 | If a majority of voters voting on the proposition approves | ||||||
3 | it, then the taxing district shall be formed (or established) | ||||||
4 | with the aggregate extension amount for the designated levy | ||||||
5 | year. | ||||||
6 | (Source: P.A. 90-812, eff. 1-26-99; 91-57, eff. 6-30-99 .)
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