HB1645 EngrossedLRB097 02977 HLH 43002 b


  
1    AN ACT concerning revenue.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Property Tax Code is amended  by changing 
5Section 18-20 as follows:
 



6    (35 ILCS 200/18-20)



7    Sec. 18-20. Abatement of levies. 

8    (a) Notwithstanding any other law to the contrary, if  any 
9taxing district
receives funds under Section 12 of the State 
10Revenue Sharing Act, which may
lawfully be used by the 
11district, the governing authority of the district, upon

12determining that a surplus of funds is available for any 
13purpose, shall adopt a
resolution or ordinance reducing its tax 
14levy for the year for which the
resolution or ordinance is 
15adopted.

16    (a-5)  In addition, if in any taxable year the governing 
17authority of any taxing district determines that a surplus of 
18funds is available from any source, that taxing district may, 
19by resolution or ordinance, eliminate its tax levy for that 
20taxable year.  If a taxing district eliminates its tax levy 
21under this subsection, it may resume its tax levy in any 
22subsequent taxable year without additional referendum 
23approval. 
 
 
HB1645 Engrossed- 2 -LRB097 02977 HLH 43002 b

1    (b) If any taxing district eliminates or reduces its levy, 
2the governing authority of the
district shall certify its 
3action to the county clerk of each county collecting
those 
4taxes.  The county clerk shall abate the levy of the district in

5accordance with the provisions of the certified resolution or 
6ordinance.

7(Source: P.A. 81-1255; 88-455.)