Illinois General Assembly - Bill Status for SB2968
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 Bill Status of SB2968  102nd General Assembly


Short Description:  MUNI CD-LEVY ABATEMENT

Senate Sponsors
Sen. Patrick J. Joyce

Last Action
DateChamber Action
  2/10/2022SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 200/18-185
65 ILCS 5/8-3-20 new


Synopsis As Introduced
Amends the Illinois Municipal Code. Provides that the corporate authorities of a municipality may by ordinance declare that the municipality will have a projected surplus of revenues in a fiscal year from any source. Allows the corporate authorities to abate the property tax levied by the municipality by the projected surplus amount. Provides that any amounts abated shall be considered as part of the municipality's aggregate extension for the fiscal year in question. Amends the Property Tax Code making conforming changes.

Actions 
DateChamber Action
  12/15/2021SenateFiled with Secretary by Sen. Patrick J. Joyce
  12/15/2021SenateFirst Reading
  12/15/2021SenateReferred to Assignments
  1/5/2022SenateAssigned to Revenue
  2/7/2022SenatePostponed - Revenue
  2/7/2022SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Patrick J. Joyce
  2/7/2022SenateSenate Committee Amendment No. 1 Referred to Assignments
  2/9/2022SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  2/9/2022SenateSenate Committee Amendment No. 1 Postponed - Revenue
  2/10/2022SenatePostponed - Revenue
  2/10/2022SenateRule 3-9(a) / Re-referred to Assignments
  2/10/2022SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

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