IL HB4021 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Amended) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Amended) [HTML]
Summary
Amends the Property Tax Code. Provides that a taxing district may adopt a levy to recapture revenue lost due to refunds issued pursuant to a decision of the Property Tax Appeal Board, an assessment or exemption decision of the Department of Revenue, a court order, or an administrative decision of a local assessment official. Provides that those recapture levies are not included in the taxing district's aggregate extension base under the Property Tax Extension Limitation Law. Provides that any taxpayer who has received a refund that has been included in a recapture levy by one or more taxing districts has the right to an abatement in an amount equal to a portion of that refund amount, subject to certain limitations.
Title
PROP TX-RECAPTURE LEVY
Sponsors
History
Date | Chamber | Action |
---|---|---|
2013-01-08 | House | Session Sine Die |
2012-03-09 | House | Rule 19(a) / Re-referred to Rules Committee |
2012-03-09 | House | House Committee Amendment No. 2 Tabled Pursuant to Rule 40 |
2012-03-09 | House | House Committee Amendment No. 1 Tabled Pursuant to Rule 40 |
2012-03-08 | House | House Committee Amendment No. 2 Referred to Rules Committee |
2012-03-08 | House | House Committee Amendment No. 2 Filed with Clerk by Rep. Elaine Nekritz |
2012-03-05 | House | House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee |
2012-03-02 | House | House Committee Amendment No. 1 Referred to Rules Committee |
2012-03-02 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz |
2012-02-06 | House | Assigned to Revenue & Finance Committee |
2012-01-20 | House | Referred to Rules Committee |
2012-01-20 | House | First Reading |
2012-01-19 | House | Filed with the Clerk by Rep. Elaine Nekritz |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 200 | 18-185 | Amended Code | Citation Text |
35 | 200 | 18-53 | New Code | See Bill Text |