IL HB4042 | 2017-2018 | 100th General Assembly

Status

Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on May 1 2017 - 25% progression
Action: 2017-05-16 - Added Chief Co-Sponsor Rep. Steven Reick
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the School Code. Provides that, excluding any capital improvement tax, the aggregate tax rate levied annually by a school district shall not exceed 4%. Provides that school districts remain subject to (i) particular maximum tax rates set forth under the Code and (ii) the district's limiting rate under the Property Tax Extension Limitation Law, if applicable. Requires the State to appropriate and the State Board of Education to distribute to each school district funds sufficient to cover the revenue that the district would have received but for the reduction in its tax rate.

Tracking Information

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Title

SCH CD-MAX AGG TAX RATE

Sponsors


History

DateChamberAction
2017-05-16HouseAdded Chief Co-Sponsor Rep. Steven Reick
2017-05-16HouseAdded Co-Sponsor Rep. Margo McDermed
2017-05-16HouseAdded Chief Co-Sponsor Rep. Sheri Jesiel
2017-05-16HouseAdded Chief Co-Sponsor Rep. Allen Skillicorn
2017-05-03HouseReferred to Rules Committee
2017-05-03HouseFirst Reading
2017-05-01HouseFiled with the Clerk by Rep. Mark Batinick

Code Citations

ChapterArticleSectionCitation TypeStatute Text
105517-2Amended CodeCitation Text
105534-53.6New CodeSee Bill Text

Illinois State Sources


Bill Comments

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