Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/18-185

35 ILCS 200/18-205

35 ILCS 200/18-242 new

30 ILCS 805/8.39 new

Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if, at the end of any levy year, a taxing district has reserves of 50% or more of its operating budget for that levy year, then, for the next levy year, "extension limitation" means 0% or the rate of increase approved by the voters. Preempts the power of home rule units to tax. Effective immediately.

Actions 

Date	Chamber	Action
8/5/2015	House	Filed with the Clerk by Rep. Fred Crespo
8/5/2015	House	First Reading
8/5/2015	House	Referred to Rules Committee
8/27/2015	House	Added Chief Co-Sponsor Rep. Sam Yingling
9/10/2015	House	Added Chief Co-Sponsor Rep. Carol Sente
9/24/2015	House	Added Chief Co-Sponsor Rep. Jack D. Franks
9/24/2015	House	Added Chief Co-Sponsor Rep. David McSweeney
9/24/2015	House	Added Co-Sponsor Rep. Natalie A. Manley
9/24/2015	House	Added Co-Sponsor Rep. Michelle Mussman
9/24/2015	House	Added Co-Sponsor Rep. Stephanie A. Kifowit
9/24/2015	House	Added Co-Sponsor Rep. Martin J. Moylan
3/23/2016	House	Assigned to Revenue & Finance Committee
3/29/2016	House	To Property Tax Subcommittee
4/8/2016	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2017	House	Session Sine Die

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