IL HB5431 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Republican 7-0)
Status: Introduced on February 14 2020 - 25% progression, died in committee
Action: 2020-02-18 - 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 a taxing district shall reduce its aggregate extension base for the purpose of lowering its limiting rate for future years upon referendum approval initiated by the submission of a petition by the voters of the district. Effective immediately.

Tracking Information

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Title

PROP TX-AGGREGATE EXTENSION

Sponsors


History

DateChamberAction
2020-02-18HouseReferred to Rules Committee
2020-02-18HouseFirst Reading
2020-02-14HouseCo-Sponsor Rep. Tom Weber
2020-02-14HouseCo-Sponsor Rep. Lindsay Parkhurst
2020-02-14HouseChief Co-Sponsor Rep. Amy Grant
2020-02-14HouseChief Co-Sponsor Rep. Joe Sosnowski
2020-02-14HouseChief Co-Sponsor Rep. Deanne M. Mazzochi
2020-02-14HouseChief Co-Sponsor Rep. Grant Wehrli
2020-02-14HouseFiled with the Clerk by Rep. Mark Batinick

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520018-185Amended CodeCitation Text
3520018-207New CodeSee Bill Text

Illinois State Sources


Bill Comments

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