IL HB2397 | 2017-2018 | 100th General Assembly

Illinois House Bill 2397 (Prior Session Legislation)

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Title

PTELL-RESERVES

History

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2017-05-31	House	Rule 19(a) / Re-referred to Rules Committee
2017-05-26	House	Final Action Deadline Extended-9(b) May 31, 2017
2017-05-18	House	Final Action Deadline Extended-9(b) May 26, 2017
2017-05-18	House	To Property Tax Subcommittee
2017-05-18	House	Assigned to Revenue & Finance Committee
2017-03-31	House	Rule 19(a) / Re-referred to Rules Committee
2017-02-24	House	To Property Tax Subcommittee
2017-02-21	House	Added Chief Co-Sponsor Rep. Allen Skillicorn
2017-02-14	House	Assigned to Revenue & Finance Committee
2017-02-06	House	Referred to Rules Committee
2017-02-06	House	First Reading
2017-02-03	House	Filed with the Clerk by Rep. Fred Crespo

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
30	805	8.41	New Code	See Bill Text
35	200	18-185	Amended Code	Citation Text
35	200	18-205	Amended Code	Citation Text
35	200	18-242	New Code	See Bill Text

Illinois State Sources

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2397&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB2397.htm