Bill Status of HB 4515   98th General Assembly


Short Description:  PTELL-EXTENSION BASE

House Sponsors
Rep. Emily McAsey

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/18-185

Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for levy years 2015 and later, the taxing district's aggregate extension base is the greater of (A) the taxing district's last preceding aggregate extension limit or (B) the taxing district's last preceding aggregate extension, subject to adjustments for taxing districts in 2 or more counties, merged or consolidated taxing districts, and adjustments by a rate increase or decrease factor. Provides that the term "aggregate extension limit" means the district's last preceding aggregate extension if the taxing district had utilized the maximum limiting rate permitted without referendum.

Actions 
DateChamber Action
  1/31/2014HouseFiled with the Clerk by Rep. Emily McAsey
  2/3/2014HouseFirst Reading
  2/3/2014HouseReferred to Rules Committee
  2/11/2014HouseAssigned to Revenue & Finance Committee
  2/20/2014HouseTo Property Tax Subcommittee
  3/28/2014HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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