Illinois House Bill 4515 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for levy years 2015 and later, the taxing district's aggregate extension base is the greater of (A) the taxing district's last preceding aggregate extension limit or (B) the taxing district's last preceding aggregate extension, subject to adjustments for taxing districts in 2 or more counties, merged or consolidated taxing districts, and adjustments by a rate increase or decrease factor. Provides that the term "aggregate extension limit" means the district's last preceding aggregate extension if the taxing district had utilized the maximum limiting rate permitted without referendum.

PTELL-EXTENSION BASE

Rep. Emily McAsey [D]

Date	Chamber	Action
2014-12-03	House	Session Sine Die
2014-03-28	House	Rule 19(a) / Re-referred to Rules Committee
2014-02-20	House	To Property Tax Subcommittee
2014-02-11	House	Assigned to Revenue & Finance Committee
2014-02-03	House	Referred to Rules Committee
2014-02-03	House	First Reading
2014-01-31	House	Filed with the Clerk by Rep. Emily McAsey

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=4515&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB4515.htm