IL HB4263 | 2015-2016 | 99th General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 29 2015 - 25% progression, died in committee
Action: 2016-04-08 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides that, for the 2016 and 2017 levy years, the Property Tax Extension Limitation Law applies to all taxing districts, including home rule units and school districts. Provides that, for the 2016 and 2017 levy years, the extension limitation under the Property Tax Extension Limitation Law is 0% or the rate of increase approved by the voters. Preempts home rule. Amends the State Mandates Act to require implementation without reimbursement. Amends the School Code. Creates a General State Aid Committee to propose a revised school funding formula for Illinois schools. Effective immediately.

Tracking Information

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Title

PTELL-SCHOOL FUNDING

Sponsors


History

DateChamberAction
2016-04-08HouseRule 19(a) / Re-referred to Rules Committee
2016-02-24HouseTo Property Tax Subcommittee
2016-02-04HouseAssigned to Revenue & Finance Committee
2015-08-05HouseReferred to Rules Committee
2015-08-05HouseFirst Reading
2015-07-29HouseFiled with the Clerk by Rep. Jack D. Franks

Code Citations

ChapterArticleSectionCitation TypeStatute Text
105518-21New CodeSee Bill Text
308058.39New CodeSee Bill Text
3520018-185Amended CodeCitation Text
3520018-205Amended CodeCitation Text
3520018-213Amended CodeCitation Text
3520018-214Amended CodeCitation Text
3520018-242New CodeSee Bill Text

Illinois State Sources


Bill Comments

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