House Sponsors: COULSON. Short description: PROPERTY TAX CAPS-RATE FACTOR Synopsis of Bill as introduced: Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a taxing district that does not intend to avail itself of a provision in the Code allowing it, in certain circumstances, to increase its tax rate above the amount approved in a referendum shall provide notice of that intent to the voters of the taxing district at the referendum called for increasing the tax rate of the taxing district. Provides that the notice shall appear on the ballot on which the proposition is printed, but shall not appear as a part of the proposition. Provides that a taxing district that provides this notice may not avail itself of the provision allowing it to increase its tax rate above the amount approved in a referendum. Effective immediately. HOUSE AMENDMENT NO. 1. Deletes everything after the enacting clause. Reinserts the bill as introduced but provides that a certified copy of the notice shall be filed with the county clerk of each county having jurisdiction over any territory of the respective taxing district in which the proposition is to be submitted to referendum (rather than appear on the ballot on which the proposition is printed). Changes the wording of the notice to refer only to the statutory citation of the provisions the taxing district does not intend to avail itself of. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status