Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/18-185

35 ILCS 200/18-205

Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if the total equalized assessed value of all taxable property in the taxing district for the current levy year (excluding new property, recovered tax increment value, and property that is annexed to or disconnected from the taxing district in the current levy year) is less than the total equalized assessed value of all taxable property in the taxing district for the previous levy year, then the extension limitation is (a) 0% or (b) the rate of increase approved by voters (instead of the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year or (b) the rate of increase approved by voters). Provides that a referendum to increase the extension limitation may not be conducted at a general primary or a consolidated primary election. Provides that certain supplemental information must be provided on the referendum ballot. Effective immediately.

Actions 

Date	Chamber	Action
1/29/2014	House	Filed with the Clerk by Rep. Ron Sandack
1/29/2014	House	First Reading
1/29/2014	House	Referred to Rules Committee
1/31/2014	House	Added Chief Co-Sponsor Rep. Thomas Morrison
2/27/2014	House	Assigned to Revenue & Finance Committee
2/27/2014	House	To Property Tax Subcommittee
3/3/2014	House	Added Chief Co-Sponsor Rep. Sandra M. Pihos
3/28/2014	House	Rule 19(a) / Re-referred to Rules Committee
5/7/2014	House	Added Co-Sponsor Rep. Patricia R. Bellock
5/7/2014	House	Added Co-Sponsor Rep. Barbara Wheeler
5/7/2014	House	Added Co-Sponsor Rep. Dennis M. Reboletti
5/7/2014	House	Added Co-Sponsor Rep. Kay Hatcher
5/7/2014	House	Added Chief Co-Sponsor Rep. David McSweeney
5/8/2014	House	Added Co-Sponsor Rep. Michael P. McAuliffe
5/8/2014	House	Added Co-Sponsor Rep. Ed Sullivan, Jr.
12/3/2014	House	Session Sine Die

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