IL HB4996 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
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
| Rep. Fred Crespo [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-08 | House | Session Sine Die |
| 2018-04-13 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2018-04-12 | House | To Property Tax Subcommittee |
| 2018-03-21 | House | Assigned to Revenue & Finance Committee |
| 2018-02-14 | House | Referred to Rules Committee |
| 2018-02-14 | House | First Reading |
| 2018-02-14 | House | Filed with the Clerk by Rep. Fred Crespo |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 30 | 805 | 8.42 | 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=4996&GAID=14&DocTypeID=HB&SessionID=91&GA=100 |
| Text | https://www.ilga.gov/legislation/100/HB/10000HB4996.htm |
