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90_SB0081 35 ILCS 200/16-15 Amends the Property Tax Code. Makes a technical change in the Section concerning adjustments to the prior year's assessments. LRB9001084KDcc LRB9001084KDcc 1 AN ACT to amend the Property Tax Code by changing Section 2 16-15. 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 16-15 as follows: 7 (35 ILCS 200/16-15) 8 Sec. 16-15. Adjustments to prior year's assessments. 9 Each county clerk shall compile final adjustments made during 10 the preceding calendar year by the State Property Tax Appeal 11 Board to the aggregate assessed value of a school district 12 for which thesuchadjustments are greater than $250,000 or 13 2% of the aggregate assessed value of a school district, 14 whichever is less, and report that information to the 15 Department. By July 1 annually, the Department shall 16 transmit the adjusted assessments reported since the prior 17 July 1 to the Illinois State Board of Education for purposes 18 of calculating the amount of State aid to be apportioned to 19 the various school districts under the School Code. 20 (Source: P.A. 86-237; 88-455.)