Illinois House Bill 4132 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if a taxing district grants a property tax abatement for a defined period of time measured in levy years, then, for the first levy year after the expiration of the abatement, the district's aggregate extension base shall be the taxing district's last preceding aggregate extension, subject to certain adjustments, plus the amount of the expired abatement for the previous levy year. Effective immediately.

PTELL-EXTENSION BASE-ABATEMENT

Rep. Sheri Jesiel [R]

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2017-10-24	House	Referred to Rules Committee
2017-10-24	House	First Reading
2017-10-24	House	Filed with the Clerk by Rep. Sheri Jesiel

Chapter	Article	Section	Citation Type	Statute Text
35	200	18-185	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4132&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB4132.htm