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90_HB1384eng
35 ILCS 200/18-185
Amends the Property Tax Extension Limitation Law in the
Property Tax Code. Excludes from the definition of
"aggregate extension" for certain taxing districts any
special purpose extension made for any municipality or
township upon a levy made under Article 3 of the Illinois
Local Library Act. Further provides that those extensions
are a separate extension subject to limitation under the
Property Tax Extension Limitation Law.
LRB9003873KDcw
HB1384 Engrossed LRB9003873KDcw
1 AN ACT to amend the Property Tax Code by changing Section
2 18-195.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Property Tax Code is amended by changing
6 Section 18-195 as follows:
7 (35 ILCS 200/18-195)
8 Sec. 18-195. Limitation. Tax extensions made under
9 Sections 18-45 and 18-105 are further limited by the
10 provisions of this Law.
11 For those taxing districts that have levied in any
12 previous levy year for any funds included in the aggregate
13 extension, the county clerk shall extend a rate for the sum
14 of these funds that is no greater than the limiting rate.
15 For those taxing districts that have never levied for
16 any funds included in the aggregate extension, the county
17 clerk shall extend an amount no greater than the amount
18 approved by the voters in a referendum under Section 18-210.
19 If the county clerk is required to reduce the aggregate
20 extension of a taxing district by provisions of this Law, the
21 county clerk shall proportionally reduce the extension for
22 each fund unless otherwise requested by the taxing district.
23 Upon written request of the corporate authority of a
24 village, the county clerk shall calculate separate limiting
25 rates for the library funds and for the aggregate of the
26 other village funds in order to reduce the funds as may be
27 required under provisions of this Law. In calculating the
28 limiting rate for the library, the county clerk shall use
29 only the part of the aggregate extension base applicable to
30 the library, and for any rate increase or decrease factor
31 under Section 18-230 the county clerk shall use only any new
HB1384 Engrossed -2- LRB9003873KDcw
1 rate or rate increase applicable to the library funds and the
2 part of the rate applicable to the library in determining
3 factors under that Section. The county clerk shall calculate
4 the limiting rate for all other village funds using only the
5 part of the aggregate extension base not applicable to the
6 library, and for any rate increase or decrease factor under
7 Section 18-230 the county clerk shall use only any new rate
8 or rate increase not applicable to the library funds and the
9 part of the rate not applicable to the library in determining
10 factors under that Section. If the county clerk is required
11 to reduce the aggregate extension of the library portion of
12 the levy, the county clerk shall proportionally reduce the
13 extension for each library fund unless otherwise requested by
14 the library board. If the county clerk is required to reduce
15 the aggregate extension of the portion of the levy not
16 applicable to the library, the county clerk shall
17 proportionally reduce the extension for each fund not
18 applicable to the library unless otherwise requested by the
19 village.
20 (Source: P.A. 87-17; 88-455.)
21 Section 99. Effective date. This Act takes effect upon
22 becoming law.