Bill Status of HB 6231   98th General Assembly


Short Description:  PROP TX-FALLING EAV

House Sponsors
Rep. Jack D. Franks-Ron Sandack

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession 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). Effective immediately.

Actions 
DateChamber Action
  5/9/2014HouseFiled with the Clerk by Rep. Jack D. Franks
  5/9/2014HouseAdded Chief Co-Sponsor Rep. Ron Sandack
  5/13/2014HouseFirst Reading
  5/13/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

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