Bill Status of HB 1557   99th General Assembly


Short Description:  PTELL-TORNADO DISASTER

House Sponsors
Rep. Chad Hays

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/18-185
35 ILCS 200/18-216 new

Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the governing body of a taxing district that is affected by a tornado disaster may by ordinance suspend the applicability of the Property Tax Extension Limitation Law to that taxing district for a period of not more than 5 years after the tornado disaster occurs. Provides that, for the first levy year after the expiration of the suspension period, the district's aggregate extension base shall be the greater of (i) the district's aggregate extension in the previous levy year, subject to certain adjustments, or (ii) the district's aggregate extension for the levy year in which the natural disaster occurred, subject to those same adjustments. Effective immediately.

Actions 
DateChamber Action
  2/9/2015HouseFiled with the Clerk by Rep. Chad Hays
  2/9/2015HouseFirst Reading
  2/9/2015HouseReferred to Rules Committee
  2/24/2015HouseAssigned to Revenue & Finance Committee
  2/26/2015HouseTo Property Tax Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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