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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB1365 Introduced 2/9/2011, by Rep. Donald L. Moffitt SYNOPSIS AS INTRODUCED:
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Amends the Truth in Taxation Law in the Property Tax Code. Provides that the Truth in Taxation Law does not apply to taxing districts that are subject to the Property Tax Extension Limitation Law.
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| | | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | HB1365 | | LRB097 05232 HLH 45282 b |
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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 18-55 as follows:
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| 6 | | (35 ILCS 200/18-55)
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| 7 | | Sec. 18-55. Short title and definitions. This Division 2 |
| 8 | | may be cited
as the Truth in Taxation Law. As used in this |
| 9 | | Division 2:
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| 10 | | (a) "Taxing district" has the meaning specified in Section |
| 11 | | 1-150 and
includes home rule units, but from January 1, 2000 |
| 12 | | through December 31,
2002 does not include taxing districts |
| 13 | | that have territory in Cook County. Beginning in tax year 2011, |
| 14 | | "taxing district" does not include taxing districts that are |
| 15 | | subject to the Property Tax Extension Limitation Law.
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| 16 | | (b) "Aggregate levy" means the annual corporate levy of the |
| 17 | | taxing
district and those special purpose levies which are made |
| 18 | | annually (other
than debt service levies and levies made for |
| 19 | | the purpose of paying amounts
due under public building |
| 20 | | commission leases).
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| 21 | | (c) "Special purpose levies" include, but are not limited |
| 22 | | to, levies
made on an annual basis for contributions to pension |
| 23 | | plans, unemployment
and worker's compensation, or |