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). Effective immediately.

Actions 

Date	Chamber	Action
5/9/2014	House	Filed with the Clerk by Rep. Jack D. Franks
5/9/2014	House	Added Chief Co-Sponsor Rep. Ron Sandack
5/13/2014	House	First Reading
5/13/2014	House	Referred to Rules Committee
12/3/2014	House	Session Sine Die

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