IL HB4267 | 2015-2016 | 99th General Assembly
Status
Spectrum: Moderate Partisan Bill (Democrat 8-1)
Status: Introduced on August 5 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]
Status: Introduced on August 5 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 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
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-04-08 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2016-03-29 | House | To Property Tax Subcommittee |
| 2016-03-23 | House | Assigned to Revenue & Finance Committee |
| 2015-09-24 | House | Added Co-Sponsor Rep. Martin J. Moylan |
| 2015-09-24 | House | Added Co-Sponsor Rep. Stephanie A. Kifowit |
| 2015-09-24 | House | Added Co-Sponsor Rep. Michelle Mussman |
| 2015-09-24 | House | Added Co-Sponsor Rep. Natalie A. Manley |
| 2015-09-24 | House | Added Chief Co-Sponsor Rep. David McSweeney |
| 2015-09-24 | House | Added Chief Co-Sponsor Rep. Jack D. Franks |
| 2015-09-10 | House | Added Chief Co-Sponsor Rep. Carol Sente |
| 2015-08-27 | House | Added Chief Co-Sponsor Rep. Sam Yingling |
| 2015-08-05 | House | Referred to Rules Committee |
| 2015-08-05 | House | First Reading |
| 2015-08-05 | House | Filed with the Clerk by Rep. Fred Crespo |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 30 | 805 | 8.39 | 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=4267&GAID=13&DocTypeID=HB&SessionID=88&GA=99 |
| Text | https://www.ilga.gov/legislation/99/HB/09900HB4267.htm |
